StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX - Free Report) in a report published on Wednesday morning. The brokerage issued a hold rating on the technology company's stock.
Other analysts also recently issued reports about the stock. Needham & Company LLC reiterated a "hold" rating on shares of SecureWorks in a research report on Tuesday, October 22nd. Barclays boosted their price objective on SecureWorks from $6.00 to $7.00 and gave the stock an "underweight" rating in a research report on Friday, September 6th.
View Our Latest Analysis on SCWX
SecureWorks Stock Performance
Shares of NASDAQ SCWX traded down $0.01 during trading on Wednesday, reaching $8.45. The stock had a trading volume of 140,924 shares, compared to its average volume of 102,038. The stock has a market cap of $750.60 million, a PE ratio of -8.54 and a beta of 1.00. The firm's 50 day moving average price is $8.36 and its two-hundred day moving average price is $7.68. SecureWorks has a one year low of $5.61 and a one year high of $9.76.
Hedge Funds Weigh In On SecureWorks
A number of hedge funds have recently modified their holdings of SCWX. Squarepoint Ops LLC bought a new position in shares of SecureWorks in the 2nd quarter valued at approximately $121,000. Jaffetilchin Investment Partners LLC bought a new position in SecureWorks during the second quarter worth $127,000. FMR LLC grew its position in SecureWorks by 22.3% in the 3rd quarter. FMR LLC now owns 21,734 shares of the technology company's stock worth $192,000 after purchasing an additional 3,964 shares during the last quarter. Oppenheimer Asset Management Inc. raised 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 valued at $267,000 after buying an additional 19,735 shares during the last quarter. Finally, State Street Corp grew its position in SecureWorks by 5.5% during the third quarter. State Street Corp now owns 44,227 shares of the technology company's stock worth $391,000 after buying an additional 2,300 shares in the last quarter. 14.38% of the stock is owned by institutional investors and hedge funds.
About SecureWorks
(
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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.
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