SecureWorks (NASDAQ:SCWX) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of SecureWorks (NASDAQ:SCWX) in a report released on Monday. The brokerage set a “hold” rating on the technology company’s stock.

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of SecureWorks in a research report on Tuesday, October 22nd.

SecureWorks Stock Performance

NASDAQ:SCWX opened at $8.47 on Monday. The company has a market capitalization of $752.39 million, a PE ratio of -8.56 and a beta of 0.94. The company has a 50 day simple moving average of $8.44 and a two-hundred day simple moving average of $8.05. SecureWorks has a fifty-two week low of $5.61 and a fifty-two week high of $9.76.

SecureWorks (NASDAQ:SCWX) last posted its earnings results on Wednesday, December 4th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.03). SecureWorks had a negative return on equity of 5.71% and a negative net margin of 25.49%. Research analysts predict that SecureWorks will post -0.29 EPS for the current year.

Institutional Investors Weigh In On SecureWorks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its stake 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 valued at $391,000 after buying an additional 2,300 shares in the last quarter. FMR LLC raised its holdings in 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 acquiring an additional 3,964 shares during the period. Marshall Wace LLP lifted its position in shares of SecureWorks by 11.6% during the second quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock worth $350,000 after acquiring an additional 5,205 shares in the last quarter. Atom Investors LP boosted its holdings in shares of SecureWorks by 14.6% in the third quarter. Atom Investors LP now owns 85,186 shares of the technology company’s stock worth $754,000 after acquiring an additional 10,823 shares during the period. Finally, Brooktree Capital Management grew its position in shares of SecureWorks by 9.9% in the third quarter. Brooktree Capital Management now owns 174,191 shares of the technology company’s stock valued at $1,542,000 after purchasing an additional 15,680 shares in the last quarter. 14.38% of the stock is currently owned by institutional investors.

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.