Gabelli Funds LLC Acquires Shares of 303,856 SecureWorks Corp. (NASDAQ:SCWX)

Gabelli Funds LLC bought a new position in shares of SecureWorks Corp. (NASDAQ:SCWX) in the fourth quarter, Holdings Channel reports. The institutional investor bought 303,856 shares of the technology company’s stock, valued at approximately $2,571,000.

Several other hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in SecureWorks by 14.1% in the 3rd quarter. Geode Capital Management LLC now owns 160,430 shares of the technology company’s stock worth $1,420,000 after buying an additional 19,766 shares during the last quarter. State Street Corp lifted its position in shares of 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 acquiring an additional 2,300 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of SecureWorks in the fourth quarter worth approximately $317,000. FMR LLC increased its position in shares of SecureWorks by 22.3% during the third quarter. FMR LLC now owns 21,734 shares of the technology company’s stock worth $192,000 after purchasing an additional 3,964 shares in the last quarter. Finally, Gardner Lewis Asset Management L P acquired a new position in SecureWorks in the 4th quarter valued at $10,795,000. Institutional investors and hedge funds own 14.38% of the company’s stock.

SecureWorks Stock Performance

Shares of NASDAQ SCWX opened at $8.51 on Friday. The stock has a market cap of $755.94 million, a PE 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 company has a 50-day moving average of $8.51 and a 200 day moving average of $8.43.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on SecureWorks in a report on Thursday. They issued a “hold” rating on the stock.

About SecureWorks

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.