SecureWorks (NASDAQ:SCWX) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of SecureWorks (NASDAQ:SCWX) in a research report released on Sunday. The brokerage issued a hold rating on the technology company’s stock.

SecureWorks Stock Performance

Shares of SCWX opened at $8.51 on Friday. SecureWorks has a 12 month low of $5.61 and a 12 month high of $9.76. The firm has a fifty day simple moving average of $8.49 and a 200 day simple moving average of $8.33. The stock has a market capitalization of $755.94 million, a price-to-earnings ratio of -8.60 and a beta of 0.94.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Retirement Solution LLC acquired a new position in SecureWorks during the fourth quarter worth $85,000. Balyasny Asset Management L.P. acquired a new position in SecureWorks during the fourth quarter worth $103,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in SecureWorks during the fourth quarter worth $169,000. Y.D. More Investments Ltd lifted its stake in 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 acquiring an additional 1,501 shares during the last quarter. Finally, FMR LLC lifted its stake in SecureWorks by 22.3% in the third quarter. FMR LLC now owns 21,734 shares of the technology company’s stock valued at $192,000 after acquiring an additional 3,964 shares during the last quarter. Institutional investors and hedge funds own 14.38% of the company’s stock.

SecureWorks Company 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.