SecureWorks Corp. (NASDAQ:SCWX - Get Free Report) shares saw strong trading volume on Friday . 142,907 shares traded hands during trading, a decline of 14% from the previous session's volume of 166,466 shares.The stock last traded at $8.44 and had previously closed at $8.44.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on SCWX. Barclays lifted their target price on SecureWorks from $6.00 to $7.00 and gave the stock an "underweight" rating in a research report on Friday, September 6th. Needham & Company LLC reiterated a "hold" rating on shares of SecureWorks in a research report on Tuesday, October 22nd. Finally, StockNews.com initiated coverage on shares of SecureWorks in a research note on Friday. They set a "hold" rating on the stock.
Check Out Our Latest Report on SecureWorks
SecureWorks Price Performance
The company has a market cap of $749.71 million, a price-to-earnings ratio of -8.53 and a beta of 1.00. The business has a 50 day simple moving average of $8.42 and a 200 day simple moving average of $7.85.
Institutional Trading of SecureWorks
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC bought a new position in shares of SecureWorks in the 2nd quarter valued at about $121,000. FMR LLC grew its holdings in SecureWorks by 22.3% during the 3rd 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 period. Oppenheimer Asset Management Inc. raised its position in shares of SecureWorks by 107.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company's stock valued at $267,000 after acquiring an additional 19,735 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of SecureWorks by 11.6% in the 2nd 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. Finally, State Street Corp boosted its position 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 worth $391,000 after purchasing an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 14.38% of the company's stock.
About SecureWorks
(
Get Free Report)
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.
Further Reading
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