Geode Capital Management LLC Buys 19,766 Shares of SecureWorks Corp. (NASDAQ:SCWX)

Geode Capital Management LLC boosted its position in shares of SecureWorks Corp. (NASDAQ:SCWX) by 14.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 160,430 shares of the technology company’s stock after buying an additional 19,766 shares during the quarter. Geode Capital Management LLC’s holdings in SecureWorks were worth $1,420,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its holdings 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 purchasing an additional 19,735 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in SecureWorks by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 351,763 shares of the technology company’s stock worth $2,462,000 after purchasing an additional 16,327 shares during the period. Renaissance Technologies LLC lifted its position in SecureWorks by 22.3% in the second quarter. Renaissance Technologies LLC now owns 181,540 shares of the technology company’s stock worth $1,271,000 after purchasing an additional 33,100 shares during the period. King Luther Capital Management Corp acquired a new stake in SecureWorks during the second quarter worth $411,000. Finally, Marshall Wace LLP increased its holdings in SecureWorks by 11.6% in the 2nd quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock valued at $350,000 after buying an additional 5,205 shares during the period. 14.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SCWX. StockNews.com initiated coverage on shares of SecureWorks in a report on Friday, January 3rd. They set a “hold” rating for the company. Needham & Company LLC restated a “hold” rating on shares of SecureWorks in a research note on Tuesday, October 22nd.

SecureWorks Price Performance

SecureWorks stock opened at $8.42 on Friday. The firm has a market capitalization of $747.93 million, a P/E ratio of -8.50 and a beta of 0.94. The stock has a fifty day moving average price of $8.42 and a two-hundred day moving average price of $7.92. SecureWorks Corp. has a 52-week low of $5.61 and a 52-week high of $9.76.

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.