SecureWorks (NASDAQ:SCWX) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of SecureWorks (NASDAQ:SCWX) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the technology company’s stock.

SecureWorks Stock Performance

Shares of SCWX opened at $8.51 on Tuesday. SecureWorks has a fifty-two week low of $5.61 and a fifty-two week high of $9.76. The business has a 50-day moving average of $8.51 and a 200 day moving average of $8.38. The firm has a market cap of $755.94 million, a P/E ratio of -8.60 and a beta of 0.94.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of SecureWorks by 22.3% in the third quarter. FMR LLC now owns 21,734 shares of the technology company’s stock valued at $192,000 after acquiring an additional 3,964 shares during the period. Atom Investors LP boosted its holdings in SecureWorks by 14.6% in the 3rd quarter. Atom Investors LP now owns 85,186 shares of the technology company’s stock valued at $754,000 after purchasing an additional 10,823 shares during the period. State Street Corp grew its position in shares of SecureWorks by 5.5% during the 3rd quarter. State Street Corp now owns 44,227 shares of the technology company’s stock valued at $391,000 after purchasing an additional 2,300 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of SecureWorks by 14.1% in the third quarter. Geode Capital Management LLC now owns 160,430 shares of the technology company’s stock worth $1,420,000 after purchasing an additional 19,766 shares during the period. Finally, Y.D. More Investments Ltd raised its position in shares of SecureWorks by 7.9% in the fourth quarter. Y.D. More Investments Ltd now owns 20,465 shares of the technology company’s stock worth $173,000 after buying an additional 1,501 shares in the last quarter. Institutional investors own 14.38% of the company’s stock.

SecureWorks Company Profile

SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions; managed security services; and professional services, including incident response and penetration testing services.