Virtu Financial LLC Acquires New Holdings in SecureWorks Corp. (NASDAQ:SCWX)

Virtu Financial LLC bought a new position in shares of SecureWorks Corp. (NASDAQ:SCWX) during the fourth quarter, HoldingsChannel reports. The fund bought 35,735 shares of the technology company’s stock, valued at approximately $302,000.

Several other institutional investors also recently modified their holdings of the stock. Retirement Solution LLC bought a new stake in SecureWorks during the 4th quarter worth $85,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of SecureWorks during the fourth quarter worth about $169,000. Y.D. More Investments Ltd increased its stake 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 valued at $173,000 after buying an additional 1,501 shares during the period. FMR LLC raised 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 buying an additional 3,964 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in SecureWorks during the 4th quarter worth approximately $317,000. 14.38% of the stock is currently owned by institutional investors and hedge funds.

SecureWorks Price Performance

Shares of NASDAQ:SCWX opened at $8.51 on Friday. The firm has a market cap of $755.94 million, a P/E ratio of -8.60 and a beta of 0.94. SecureWorks Corp. has a 12-month low of $5.61 and a 12-month high of $9.76. The business has a fifty day simple moving average of $8.50 and a 200 day simple moving average of $8.36.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of SecureWorks in a research report on Monday. They issued a “hold” rating for the company.

SecureWorks 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.