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

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

Other equities research analysts have also recently issued research reports about the stock. Needham & Company LLC reissued a “hold” rating on shares of SecureWorks in a report on Tuesday, October 22nd. Barclays boosted their price objective on SecureWorks from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Friday, September 6th.

SecureWorks Stock Up 0.2 %

SCWX opened at $8.47 on Wednesday. The company has a market capitalization of $752.37 million, a price-to-earnings ratio of -8.56 and a beta of 1.00. The firm has a 50-day moving average price of $8.38 and a 200-day moving average price of $7.71. SecureWorks has a twelve month low of $5.61 and a twelve month high of $9.76.

Institutional Trading of SecureWorks

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royce & Associates LP boosted its holdings in SecureWorks by 2.5% in the 3rd quarter. Royce & Associates LP now owns 1,324,543 shares of the technology company’s stock valued at $11,722,000 after purchasing an additional 32,929 shares during the period. Scalar Gauge Management LLC boosted its stake in SecureWorks by 16.4% during the third quarter. Scalar Gauge Management LLC now owns 368,006 shares of the technology company’s stock valued at $3,257,000 after buying an additional 51,869 shares during the period. Dimensional Fund Advisors LP grew its position in SecureWorks by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 351,763 shares of the technology company’s stock worth $2,462,000 after buying an additional 16,327 shares in the last quarter. Kovack Advisors Inc. grew its position in SecureWorks by 12.7% during the third quarter. Kovack Advisors Inc. now owns 327,516 shares of the technology company’s stock worth $2,899,000 after buying an additional 36,816 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in SecureWorks by 22.3% in the 2nd quarter. Renaissance Technologies LLC now owns 181,540 shares of the technology company’s stock worth $1,271,000 after acquiring an additional 33,100 shares during the last quarter. Institutional investors 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.