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

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

A number of other research firms have also recently commented on SCWX. Barclays upped their target price on SecureWorks from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Friday, September 6th. Needham & Company LLC reiterated a “hold” rating on shares of SecureWorks in a research note on Tuesday, October 22nd.

SecureWorks Trading Down 0.1 %

SecureWorks stock opened at $8.45 on Wednesday. The firm has a market capitalization of $750.60 million, a PE ratio of -8.54 and a beta of 1.00. SecureWorks has a 12-month low of $5.61 and a 12-month high of $9.76. The firm has a 50-day moving average price of $8.37 and a 200-day moving average price of $7.68.

Institutional Trading of SecureWorks

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in SecureWorks by 14.1% in the third quarter. Geode Capital Management LLC now owns 160,430 shares of the technology company’s stock worth $1,420,000 after purchasing an additional 19,766 shares in the last quarter. State Street Corp grew its position in shares of SecureWorks by 5.5% during the 3rd quarter. State Street Corp now owns 44,227 shares of the technology company’s stock worth $391,000 after buying an additional 2,300 shares in the last quarter. Atom Investors LP increased its stake in shares of SecureWorks by 14.6% during the third quarter. Atom Investors LP now owns 85,186 shares of the technology company’s stock valued at $754,000 after buying an additional 10,823 shares during the period. Scalar Gauge Management LLC raised its holdings in shares of SecureWorks by 16.4% in the third quarter. Scalar Gauge Management LLC now owns 368,006 shares of the technology company’s stock valued at $3,257,000 after acquiring an additional 51,869 shares in the last quarter. Finally, FMR LLC lifted its stake 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. 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.