ABC Arbitrage SA Acquires New Shares in SecureWorks Corp. (NASDAQ:SCWX)

ABC Arbitrage SA acquired a new stake in SecureWorks Corp. (NASDAQ:SCWX) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 63,218 shares of the technology company’s stock, valued at approximately $535,000. ABC Arbitrage SA owned approximately 0.07% of SecureWorks at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Y.D. More Investments Ltd grew its stake in SecureWorks by 7.9% in the 4th quarter. Y.D. More Investments Ltd now owns 20,465 shares of the technology company’s stock valued at $173,000 after buying an additional 1,501 shares in the last quarter. State Street Corp boosted its holdings in SecureWorks by 5.5% in 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 during the period. FMR LLC boosted its holdings in SecureWorks by 22.3% in the 3rd 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. 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. Finally, Brooktree Capital Management boosted its holdings in SecureWorks by 9.9% in the 3rd quarter. Brooktree Capital Management now owns 174,191 shares of the technology company’s stock valued at $1,542,000 after purchasing an additional 15,680 shares during the period. 14.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. StockNews.com assumed coverage on shares of SecureWorks in a report on Wednesday. They issued a “hold” rating for the company. Needham & Company LLC reissued a “hold” rating on shares of SecureWorks in a report on Tuesday, October 22nd.

SecureWorks Stock Performance

Shares of NASDAQ:SCWX opened at $8.51 on Friday. SecureWorks Corp. has a 52-week low of $5.61 and a 52-week high of $9.76. The firm has a fifty day moving average of $8.47 and a 200 day moving average of $8.17. The firm has a market capitalization of $755.94 million, a PE ratio of -8.60 and a beta of 0.94.

SecureWorks (NASDAQ:SCWX) last announced its earnings results on Wednesday, December 4th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.03). SecureWorks had a negative return on equity of 5.71% and a negative net margin of 25.49%. On average, sell-side analysts forecast that SecureWorks Corp. will post -0.29 EPS for the current fiscal year.

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.