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

Research analysts at StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX) in a research note issued on Sunday. The firm set a “hold” rating on the technology company’s stock.

Separately, Needham & Company LLC restated a “hold” rating on shares of SecureWorks in a research report on Tuesday, October 22nd.

SecureWorks Trading Up 0.1 %

Shares of NASDAQ:SCWX opened at $8.45 on Friday. The stock has a market capitalization of $750.61 million, a P/E ratio of -8.54 and a beta of 0.94. SecureWorks has a 1-year low of $5.61 and a 1-year high of $9.76. The business has a 50-day moving average price of $8.43 and a two-hundred day moving average price of $8.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp lifted its position in SecureWorks by 5.5% during the third quarter. State Street Corp now owns 44,227 shares of the technology company’s stock worth $391,000 after purchasing an additional 2,300 shares during the period. FMR LLC raised its position in 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 last quarter. Marshall Wace LLP boosted its position in SecureWorks by 11.6% during the 2nd quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock worth $350,000 after buying an additional 5,205 shares during the period. Atom Investors LP grew its stake in shares of SecureWorks by 14.6% in the third quarter. Atom Investors LP now owns 85,186 shares of the technology company’s stock worth $754,000 after purchasing an additional 10,823 shares during the last quarter. Finally, Brooktree Capital Management increased its stake in shares of SecureWorks by 9.9% in the third quarter. Brooktree Capital Management now owns 174,191 shares of the technology company’s stock valued at $1,542,000 after buying an additional 15,680 shares during the period. 14.38% of the stock is currently owned by institutional investors.

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.