StockNews.com began coverage on shares of SecureWorks (NASDAQ:SCWX – Free Report) in a research report released on Friday. The brokerage issued a hold rating on the technology company’s stock.
Several other brokerages have also recently issued reports on SCWX. Needham & Company LLC reaffirmed a “hold” rating on shares of SecureWorks in a report on Tuesday, October 22nd. Barclays boosted their price objective on shares of SecureWorks from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Friday, September 6th.
View Our Latest Analysis on SecureWorks
SecureWorks Stock Performance
Hedge Funds Weigh In On SecureWorks
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of 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 acquiring an additional 19,766 shares during the period. State Street Corp boosted its holdings in SecureWorks by 5.5% in the third quarter. State Street Corp now owns 44,227 shares of the technology company’s stock worth $391,000 after purchasing an additional 2,300 shares during the last quarter. Atom Investors LP grew its position in SecureWorks by 14.6% in the 3rd quarter. Atom Investors LP now owns 85,186 shares of the technology company’s stock worth $754,000 after purchasing an additional 10,823 shares during the period. Scalar Gauge Management LLC raised its stake in SecureWorks by 16.4% during the 3rd 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 last quarter. Finally, FMR LLC lifted its holdings in shares of SecureWorks by 22.3% during the 3rd quarter. FMR LLC now owns 21,734 shares of the technology company’s stock valued at $192,000 after buying an additional 3,964 shares during the period. Institutional investors own 14.38% of the company’s stock.
About SecureWorks
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.
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