StockNews.com assumed coverage on shares of SecureWorks (NASDAQ:SCWX - Free Report) in a research note released on Tuesday. The firm issued a hold rating on the technology company's stock.
A number of other analysts have also recently weighed in on the stock. Needham & Company LLC reiterated a "hold" rating on shares of SecureWorks in a research note on Tuesday, October 22nd. Barclays upped their target price on shares of SecureWorks from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Friday, September 6th.
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SecureWorks Stock Performance
NASDAQ SCWX traded up $0.02 on Tuesday, reaching $8.48. The stock had a trading volume of 315,238 shares, compared to its average volume of 101,604. The stock has a market cap of $753.28 million, a P/E ratio of -8.57 and a beta of 1.00. The business's 50-day moving average price is $8.32 and its 200 day moving average price is $7.59. SecureWorks has a 12-month low of $5.61 and a 12-month high of $9.76.
Institutional Investors Weigh In On SecureWorks
Several large investors have recently modified their holdings of the stock. Squarepoint Ops LLC acquired a new position in SecureWorks in the 2nd quarter valued at $121,000. Jaffetilchin Investment Partners LLC acquired a new position in shares of SecureWorks during the second quarter worth about $127,000. FMR LLC raised its holdings in SecureWorks by 22.3% during the third quarter. FMR LLC now owns 21,734 shares of the technology company's stock worth $192,000 after purchasing an additional 3,964 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in 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 purchasing an additional 19,735 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in SecureWorks by 11.6% in the second quarter. Marshall Wace LLP now owns 49,997 shares of the technology company's stock valued at $350,000 after purchasing an additional 5,205 shares during the period. Hedge funds and other institutional investors own 14.38% of the company's stock.
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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