SecureWorks Corp. (NASDAQ:SCWX) Holdings Increased by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its stake in shares of SecureWorks Corp. (NASDAQ:SCWXGet Rating) by 312.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 70,081 shares of the technology company’s stock after acquiring an additional 53,073 shares during the period. First Eagle Investment Management LLC’s holdings in SecureWorks were worth $1,119,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SCWX. Acadian Asset Management LLC bought a new stake in shares of SecureWorks during the 4th quarter worth about $28,000. Barclays PLC raised its position in shares of SecureWorks by 223.0% during the 3rd quarter. Barclays PLC now owns 4,079 shares of the technology company’s stock worth $81,000 after buying an additional 2,816 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of SecureWorks in the 3rd quarter worth approximately $135,000. Hudson Bay Capital Management LP bought a new stake in shares of SecureWorks in the 3rd quarter worth approximately $225,000. Finally, Panagora Asset Management Inc. bought a new stake in shares of SecureWorks in the 4th quarter worth approximately $266,000. Institutional investors own 11.87% of the company’s stock.

Shares of SCWX stock traded up $0.39 during trading hours on Friday, reaching $10.99. 185,992 shares of the stock traded hands, compared to its average volume of 72,219. SecureWorks Corp. has a 1-year low of $9.93 and a 1-year high of $26.89. The business has a fifty day moving average price of $12.32 and a 200 day moving average price of $14.90. The firm has a market capitalization of $928.33 million, a PE ratio of -22.90 and a beta of 1.01.

SecureWorks (NASDAQ:SCWXGet Rating) last released its quarterly earnings results on Thursday, March 17th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.13. SecureWorks had a negative net margin of 7.43% and a negative return on equity of 2.38%. The business had revenue of $127.90 million for the quarter, compared to analyst estimates of $128.85 million. During the same quarter in the previous year, the business earned ($0.06) earnings per share. The firm’s revenue was down 8.4% compared to the same quarter last year. As a group, analysts forecast that SecureWorks Corp. will post -1.01 earnings per share for the current year.

A number of research firms recently commented on SCWX. Morgan Stanley dropped their target price on shares of SecureWorks from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, March 21st. Zacks Investment Research downgraded shares of SecureWorks from a “hold” rating to a “sell” rating in a report on Thursday, February 3rd. JPMorgan Chase & Co. dropped their target price on shares of SecureWorks from $19.50 to $16.00 and set an “underweight” rating on the stock in a report on Friday, March 18th. StockNews.com began coverage on shares of SecureWorks in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, The Goldman Sachs Group dropped their target price on shares of SecureWorks from $14.00 to $12.00 and set a “sell” rating on the stock in a report on Monday, March 21st. Four equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.17.

In related news, CEO Wendy Thomas acquired 3,000 shares of the company’s stock in a transaction on Monday, March 21st. The shares were purchased at an average price of $11.89 per share, for a total transaction of $35,670.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider George B. Hanna acquired 4,000 shares of the company’s stock in a transaction on Friday, March 18th. The stock was bought at an average price of $11.27 per share, for a total transaction of $45,080.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 14,000 shares of company stock worth $158,100. Company insiders own 86.50% of the company’s stock.

SecureWorks Company Profile (Get Rating)

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 security risk consulting services.

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Institutional Ownership by Quarter for SecureWorks (NASDAQ:SCWX)

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