SecureWorks (NASDAQ:SCWX) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of SecureWorks (NASDAQ:SCWX) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the technology company’s stock.

Several other analysts have also recently issued reports on the company. Barclays lifted their price target on SecureWorks from $6.00 to $7.00 and gave the company an “underweight” rating in a report on Friday, September 6th. Needham & Company LLC reissued a “hold” rating on shares of SecureWorks in a research report on Tuesday, October 22nd.

SecureWorks Stock Performance

Shares of SCWX opened at $8.44 on Friday. The stock has a market capitalization of $749.71 million, a PE ratio of -8.53 and a beta of 0.94. The company has a 50 day moving average price of $8.42 and a 200-day moving average price of $7.85. SecureWorks has a fifty-two week low of $5.61 and a fifty-two week high of $9.76.

Institutional Investors Weigh In On SecureWorks

Several institutional investors have recently added to or reduced their stakes in SCWX. Squarepoint Ops LLC acquired a new position in shares of SecureWorks in the 2nd quarter valued at $121,000. FMR LLC increased its holdings 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 purchasing an additional 3,964 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of SecureWorks by 107.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company’s stock worth $267,000 after purchasing an additional 19,735 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of SecureWorks by 11.6% during the second quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock worth $350,000 after purchasing an additional 5,205 shares during the period. Finally, State Street Corp boosted its position in SecureWorks by 5.5% in the third quarter. State Street Corp now owns 44,227 shares of the technology company’s stock valued at $391,000 after buying an additional 2,300 shares during the last quarter. Institutional investors and hedge funds 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.