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

Stock analysts at StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the technology company’s stock.

SecureWorks Price Performance

Shares of NASDAQ:SCWX opened at $8.51 on Monday. The stock has a market cap of $755.94 million, a price-to-earnings ratio of -8.60 and a beta of 0.94. SecureWorks has a 12-month low of $5.61 and a 12-month high of $9.76. The business’s 50 day moving average is $8.49 and its 200 day moving average is $8.35.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of SecureWorks by 14.1% during the third quarter. Geode Capital Management LLC now owns 160,430 shares of the technology company’s stock valued at $1,420,000 after buying an additional 19,766 shares during the last quarter. State Street Corp boosted its position in shares of SecureWorks by 5.5% during the third quarter. State Street Corp now owns 44,227 shares of the technology company’s stock valued at $391,000 after buying an additional 2,300 shares during the last quarter. FMR LLC boosted 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 valued at $192,000 after buying an additional 3,964 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of SecureWorks during the fourth quarter valued at approximately $317,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of SecureWorks by 37.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,754 shares of the technology company’s stock valued at $555,000 after buying an additional 17,077 shares during the last quarter. Hedge funds and other institutional investors own 14.38% of the company’s 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.