Oppenheimer Asset Management Inc. Has $267,000 Stock Holdings in SecureWorks Corp. (NASDAQ:SCWX)

Oppenheimer Asset Management Inc. grew its position in SecureWorks Corp. (NASDAQ:SCWX) by 107.0% during the 2nd quarter, Holdings Channel reports. The firm owned 38,180 shares of the technology company’s stock after purchasing an additional 19,735 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in SecureWorks were worth $267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brooktree Capital Management boosted its stake in shares of SecureWorks by 1.1% in the 1st quarter. Brooktree Capital Management now owns 163,910 shares of the technology company’s stock valued at $1,101,000 after purchasing an additional 1,775 shares in the last quarter. Horrell Capital Management Inc. boosted its stake 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 purchasing an additional 2,000 shares in the last quarter. Palogic Value Management L.P. boosted its stake in shares of SecureWorks by 2.7% in the 4th quarter. Palogic Value Management L.P. now owns 243,000 shares of the technology company’s stock valued at $1,793,000 after purchasing an additional 6,497 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of SecureWorks by 1.5% in the 1st 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 in the last quarter. Finally, Jaffetilchin Investment Partners LLC acquired a new position in SecureWorks during the 2nd quarter worth about $127,000. Institutional investors and hedge funds own 14.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Needham & Company LLC reiterated a “hold” rating on shares of SecureWorks in a research report on Friday, September 6th. Barclays upped their price target on shares of SecureWorks from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th.

SecureWorks Stock Up 3.7 %

Shares of NASDAQ SCWX opened at $8.09 on Friday. The company has a market cap of $718.63 million, a price-to-earnings ratio of -7.63 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 firm’s 50-day simple moving average is $7.58 and its 200 day simple moving average is $6.73.

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.