Dimensional Fund Advisors LP Acquires 16,327 Shares of SecureWorks Corp. (NASDAQ:SCWX)

Dimensional Fund Advisors LP increased its holdings in SecureWorks Corp. (NASDAQ:SCWX) by 4.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 351,763 shares of the technology company’s stock after buying an additional 16,327 shares during the period. Dimensional Fund Advisors LP’s holdings in SecureWorks were worth $2,462,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of SCWX. Jaffetilchin Investment Partners LLC bought a new position in SecureWorks in the second quarter worth approximately $127,000. Oppenheimer Asset Management Inc. raised 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 worth $267,000 after buying an additional 19,735 shares in the last quarter. Brooktree Capital Management raised its stake in SecureWorks by 1.1% in the first quarter. Brooktree Capital Management now owns 163,910 shares of the technology company’s stock worth $1,101,000 after buying an additional 1,775 shares in the last quarter. Kovack Advisors Inc. raised its stake in SecureWorks by 55.4% in the first quarter. Kovack Advisors Inc. now owns 207,400 shares of the technology company’s stock worth $1,394,000 after buying an additional 73,900 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in SecureWorks by 1.5% in the first quarter. First Eagle Investment Management LLC now owns 891,728 shares of the technology company’s stock worth $5,992,000 after buying an additional 13,551 shares in the last quarter. Institutional investors own 14.38% of the company’s stock.

SecureWorks Stock Performance

Shares of SCWX opened at $8.16 on Friday. SecureWorks Corp. has a 12 month low of $5.40 and a 12 month high of $9.76. The stock has a fifty day moving average price of $7.73 and a 200-day moving average price of $6.89. The firm has a market cap of $724.85 million, a PE ratio of -9.60 and a beta of 0.99.

SecureWorks (NASDAQ:SCWX) last issued its quarterly earnings data on Thursday, September 5th. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.05). SecureWorks had a negative net margin of 21.23% and a negative return on equity of 4.94%. The business had revenue of $82.18 million for the quarter, compared to analysts’ expectations of $80.98 million. As a group, research analysts forecast that SecureWorks Corp. will post -0.25 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays boosted their price objective on shares of SecureWorks from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Needham & Company LLC reiterated a “hold” rating on shares of SecureWorks in a report on Friday, September 6th.

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.