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

StockNews.com assumed coverage on shares of SecureWorks (NASDAQ:SCWX) in a research note issued to investors on Tuesday. The firm issued a hold rating on the technology company’s stock.

A number of other research analysts also recently issued reports on the stock. Barclays lifted their price target on shares of SecureWorks from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of SecureWorks in a research report on Tuesday, October 22nd.

SecureWorks Price Performance

SCWX stock opened at $8.48 on Tuesday. The business’s 50-day moving average is $8.32 and its two-hundred day moving average is $7.59. The firm has a market capitalization of $753.28 million, a P/E ratio of -8.57 and a beta of 1.00. SecureWorks has a 1 year low of $5.61 and a 1 year high of $9.76.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SCWX. Squarepoint Ops LLC purchased a new stake in shares of SecureWorks in the 2nd quarter valued at about $121,000. Jaffetilchin Investment Partners LLC purchased a new stake in SecureWorks in the second quarter valued at approximately $127,000. FMR LLC boosted its holdings in shares of SecureWorks by 22.3% in the third 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. Oppenheimer Asset Management Inc. grew its position in shares of SecureWorks by 107.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company’s stock worth $267,000 after acquiring an additional 19,735 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of SecureWorks by 5.5% in the 3rd quarter. State Street Corp now owns 44,227 shares of the technology company’s stock valued at $391,000 after acquiring an additional 2,300 shares during the period. Institutional investors and hedge funds 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.