SecureWorks Corp. (NASDAQ:SCWX) Shares Sold by Gagnon Securities LLC

Gagnon Securities LLC reduced its position in SecureWorks Corp. (NASDAQ:SCWX - Free Report) by 86.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,193 shares of the technology company's stock after selling 1,296,666 shares during the quarter. Gagnon Securities LLC owned approximately 0.22% of SecureWorks worth $1,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Royce & Associates LP raised its holdings in SecureWorks by 2.5% during the third quarter. Royce & Associates LP now owns 1,324,543 shares of the technology company's stock valued at $11,722,000 after acquiring an additional 32,929 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 purchasing an additional 51,869 shares during the period. Dimensional Fund Advisors LP lifted its holdings in SecureWorks by 4.9% in the 2nd 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 in the last quarter. Kovack Advisors Inc. boosted its stake in SecureWorks by 12.7% in the 3rd quarter. Kovack Advisors Inc. now owns 327,516 shares of the technology company's stock worth $2,899,000 after purchasing an additional 36,816 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in SecureWorks by 22.3% during the 2nd quarter. Renaissance Technologies LLC now owns 181,540 shares of the technology company's stock valued at $1,271,000 after buying an additional 33,100 shares in the last quarter. 14.38% of the stock is owned by hedge funds and other institutional investors.

SecureWorks Price Performance

NASDAQ SCWX remained flat at $8.51 during trading on Wednesday. SecureWorks Corp. has a 12-month low of $5.61 and a 12-month high of $9.76. The stock has a market cap of $755.94 million, a P/E ratio of -8.60 and a beta of 0.94. The stock has a fifty day simple moving average of $8.45 and a two-hundred day simple moving average of $8.11.

SecureWorks (NASDAQ:SCWX - Get Free Report) last issued its earnings results on Wednesday, December 4th. The technology company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.03). SecureWorks had a negative net margin of 25.49% and a negative return on equity of 5.71%. As a group, equities analysts expect that SecureWorks Corp. will post -0.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SCWX. StockNews.com started coverage on shares of SecureWorks in a research report on Tuesday. They set a "hold" rating for the company. Needham & Company LLC restated a "hold" rating on shares of SecureWorks in a research report on Tuesday, October 22nd.

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.