Needham & Company LLC reissued their hold rating on shares of SecureWorks (NASDAQ:SCWX – Free Report) in a research note released on Tuesday, Benzinga reports.
Separately, Barclays raised their target price on SecureWorks from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th.
Read Our Latest Stock Report on SCWX
SecureWorks Price Performance
SecureWorks (NASDAQ:SCWX – Get Free Report) last issued its earnings results on Thursday, September 5th. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.05). SecureWorks had a negative return on equity of 4.94% and a negative net margin of 21.23%. The business had revenue of $82.18 million for the quarter, compared to analyst estimates of $80.98 million. On average, analysts expect that SecureWorks will post -0.25 EPS for the current year.
Hedge Funds Weigh In On SecureWorks
Several hedge funds and other institutional investors have recently bought and sold shares of SCWX. Squarepoint Ops LLC acquired a new position in shares of SecureWorks in the second quarter worth $121,000. Jaffetilchin Investment Partners LLC acquired a new position in shares of SecureWorks in the second quarter worth $127,000. Oppenheimer Asset Management Inc. raised its holdings in shares of SecureWorks by 107.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company’s stock worth $267,000 after acquiring an additional 19,735 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of SecureWorks by 11.6% in the second quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock worth $350,000 after acquiring an additional 5,205 shares during the last quarter. Finally, Inspire Investing LLC acquired a new position in shares of SecureWorks in the third quarter worth $449,000. 14.38% of the stock is owned by institutional investors and hedge funds.
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.
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