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

Posted by ABMN Staff on Mar 25th, 2025

StockNews.com initiated coverage on shares of SecureWorks (NASDAQ:SCWX – Free Report) in a report published on Monday morning. The brokerage issued a hold rating on the technology company’s stock.

SecureWorks Price Performance

NASDAQ:SCWX opened at $8.51 on Monday. The firm has a 50 day moving average of $8.50 and a 200 day moving average of $8.35. SecureWorks has a 52 week low of $5.61 and a 52 week high of $9.76. The stock has a market capitalization of $755.94 million, a price-to-earnings ratio of -8.60 and a beta of 0.94.

Institutional Investors Weigh In On SecureWorks

A number of large investors have recently made changes to their positions in SCWX. Gardner Lewis Asset Management L P acquired a new position in shares of SecureWorks in the fourth quarter valued at about $10,795,000. FIL Ltd purchased a new position in shares of SecureWorks during the fourth quarter worth $6,392,000. Alpine Associates Management Inc. acquired a new stake in SecureWorks during the 4th quarter worth about $5,273,000. Alberta Investment Management Corp purchased a new position in shares of SecureWorks during the 4th quarter valued at about $5,076,000. Finally, Nexpoint Asset Management L.P. purchased a new position in shares of SecureWorks during the 4th quarter valued at about $4,395,000. 14.38% of the stock is owned by hedge funds and other institutional investors.

SecureWorks Company Profile

(Get Free Report)

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.