Scalar Gauge Management LLC Buys 50,000 Shares of SecureWorks Corp. (NASDAQ:SCWX)

Scalar Gauge Management LLC boosted its position in shares of SecureWorks Corp. (NASDAQ:SCWX) by 18.8% in the second quarter, Holdings Channel.com reports. The firm owned 316,137 shares of the technology company’s stock after acquiring an additional 50,000 shares during the period. SecureWorks makes up about 1.3% of Scalar Gauge Management LLC’s investment portfolio, making the stock its 22nd largest position. Scalar Gauge Management LLC’s holdings in SecureWorks were worth $2,213,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Palogic Value Management L.P. lifted its position in shares of SecureWorks by 2.7% in the fourth quarter. Palogic Value Management L.P. now owns 243,000 shares of the technology company’s stock worth $1,793,000 after purchasing an additional 6,497 shares in the last quarter. Kovack Advisors Inc. boosted its stake in shares of SecureWorks by 55.4% during the 1st quarter. Kovack Advisors Inc. now owns 207,400 shares of the technology company’s stock worth $1,394,000 after buying an additional 73,900 shares during the last quarter. Horrell Capital Management Inc. grew its holdings in shares of SecureWorks by 0.3% in the 1st quarter. Horrell Capital Management Inc. now owns 582,878 shares of the technology company’s stock valued at $3,917,000 after acquiring an additional 2,000 shares in the last quarter. Brooktree Capital Management increased its position in shares of SecureWorks by 1.1% in the first quarter. Brooktree Capital Management now owns 163,910 shares of the technology company’s stock valued at $1,101,000 after acquiring an additional 1,775 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its position in SecureWorks by 1.5% during the first quarter. First Eagle Investment Management LLC now owns 891,728 shares of the technology company’s stock valued at $5,992,000 after purchasing an additional 13,551 shares during the last quarter. 14.38% of the stock is currently owned by institutional investors.

SecureWorks Stock Down 3.0 %

SCWX opened at $7.85 on Tuesday. The stock has a market cap of $693.96 million, a price-to-earnings ratio of -7.41 and a beta of 0.99. SecureWorks Corp. has a 12-month low of $5.40 and a 12-month high of $9.76. The business has a 50 day moving average of $7.59 and a 200-day moving average of $6.74.

Analysts Set New Price Targets

SCWX has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of SecureWorks in a research note on Friday, September 6th. Barclays increased their price target on shares of SecureWorks from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Friday, September 6th.

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.