Public Employees Retirement System of Ohio Sells 1,783 Shares of SecureWorks Corp. (NASDAQ:SCWX)

Public Employees Retirement System of Ohio decreased its stake in shares of SecureWorks Corp. (NASDAQ:SCWX) by 29.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,203 shares of the technology company’s stock after selling 1,783 shares during the period. Public Employees Retirement System of Ohio’s holdings in SecureWorks were worth $37,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new position in shares of SecureWorks in the 2nd quarter worth approximately $121,000. Jaffetilchin Investment Partners LLC bought a new position in SecureWorks in the second quarter worth approximately $127,000. FMR LLC raised its position in SecureWorks by 22.3% in the third quarter. FMR LLC now owns 21,734 shares of the technology company’s stock worth $192,000 after acquiring an additional 3,964 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of SecureWorks by 107.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company’s stock worth $267,000 after acquiring an additional 19,735 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of SecureWorks by 11.6% during the 2nd quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock valued at $350,000 after acquiring an additional 5,205 shares during the period. Hedge funds and other institutional investors own 14.38% of the company’s stock.

SecureWorks Trading Up 0.2 %

Shares of NASDAQ SCWX opened at $8.47 on Monday. SecureWorks Corp. has a 12-month low of $5.61 and a 12-month high of $9.76. The firm’s 50-day moving average price is $8.38 and its 200-day moving average price is $7.74. The stock has a market capitalization of $752.37 million, a price-to-earnings ratio of -8.56 and a beta of 1.00.

Wall Street Analyst Weigh In

Several research firms have recently commented on SCWX. StockNews.com assumed coverage on SecureWorks in a research note on Wednesday, December 18th. They issued a “hold” rating on the stock. Barclays lifted their price target on shares of SecureWorks from $6.00 to $7.00 and gave the company an “underweight” rating in a report on Friday, September 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of SecureWorks in a research note on Tuesday, October 22nd.

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.