StockNews.com began coverage on shares of SecureWorks (NASDAQ:SCWX - Free Report) in a research note released on Sunday. The firm issued a hold rating on the technology company's stock.
Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of SecureWorks in a report on Tuesday, October 22nd.
View Our Latest Stock Analysis on SCWX
SecureWorks Stock Performance
Shares of NASDAQ:SCWX traded up $0.01 during trading hours on Friday, hitting $8.45. 137,001 shares of the company's stock traded hands, compared to its average volume of 117,110. The company's fifty day simple moving average is $8.43 and its two-hundred day simple moving average is $8.00. SecureWorks has a 52 week low of $5.61 and a 52 week high of $9.76.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp increased its stake in 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 buying an additional 2,300 shares during the period. FMR LLC increased its stake in shares of SecureWorks by 22.3% in the third quarter. FMR LLC now owns 21,734 shares of the technology company's stock worth $192,000 after acquiring an additional 3,964 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of SecureWorks by 11.6% during the second quarter. Marshall Wace LLP now owns 49,997 shares of the technology company's stock worth $350,000 after acquiring an additional 5,205 shares in the last quarter. Atom Investors LP boosted its position in SecureWorks by 14.6% during the third quarter. Atom Investors LP now owns 85,186 shares of the technology company's stock valued at $754,000 after purchasing an additional 10,823 shares during the last quarter. Finally, Brooktree Capital Management boosted its position in SecureWorks by 9.9% during the third quarter. Brooktree Capital Management now owns 174,191 shares of the technology company's stock valued at $1,542,000 after purchasing an additional 15,680 shares during the last quarter. 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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