SecureWorks (NASDAQ:SCWX) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of SecureWorks (NASDAQ:SCWXGet Free Report) in a research report issued on Thursday. The firm set a “hold” rating on the technology company’s stock.

Other analysts have also issued research reports about the company. Barclays boosted their price target on SecureWorks from $6.00 to $7.00 and gave the company an “underweight” rating in a report on Friday, September 6th. Needham & Company LLC reissued a “hold” rating on shares of SecureWorks in a research report on Tuesday, October 22nd.

Get Our Latest Stock Report on SecureWorks

SecureWorks Price Performance

SecureWorks stock opened at $8.46 on Thursday. The stock has a market cap of $751.48 million, a price-to-earnings ratio of -8.55 and a beta of 1.00. The firm has a 50-day moving average of $8.40 and a two-hundred day moving average of $7.76. SecureWorks has a 1 year low of $5.61 and a 1 year high of $9.76.

Hedge Funds Weigh In On SecureWorks

Institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC bought a new stake in SecureWorks during the 2nd quarter valued at $121,000. Jaffetilchin Investment Partners LLC purchased a new stake in shares of SecureWorks during the 2nd quarter worth $127,000. FMR LLC boosted its position in SecureWorks by 22.3% during the third 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 in the last quarter. Oppenheimer Asset Management Inc. grew its stake in SecureWorks by 107.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company’s stock valued at $267,000 after purchasing an additional 19,735 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in 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 purchasing an additional 5,205 shares in the last quarter. 14.38% of the stock is owned by hedge funds and other institutional investors.

SecureWorks Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for SecureWorks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SecureWorks and related companies with MarketBeat.com's FREE daily email newsletter.