SecureWorks Corp. (NASDAQ:SCWX - Get Free Report) shares saw an uptick in trading volume on Tuesday . 55,235 shares traded hands during trading, a decline of 46% from the previous session's volume of 101,554 shares.The stock last traded at $8.48 and had previously closed at $8.46.
Analysts Set New Price Targets
A number of research analysts have issued reports on SCWX shares. Barclays increased 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. Needham & Company LLC reaffirmed a "hold" rating on shares of SecureWorks in a report on Tuesday, October 22nd. Finally, StockNews.com initiated coverage on SecureWorks in a research note on Tuesday, December 10th. They set a "hold" rating for the company.
View Our Latest Analysis on SecureWorks
SecureWorks Stock Performance
The stock has a market cap of $751.48 million, a price-to-earnings ratio of -8.56 and a beta of 1.00. The business has a fifty day simple moving average of $8.35 and a 200 day simple moving average of $7.66.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of SCWX. Squarepoint Ops LLC purchased a new position in SecureWorks during the second quarter worth approximately $121,000. Jaffetilchin Investment Partners LLC purchased a new stake in SecureWorks during the second quarter valued at about $127,000. FMR LLC grew its position in SecureWorks by 22.3% during the third quarter. FMR LLC now owns 21,734 shares of the technology company's stock valued at $192,000 after acquiring an additional 3,964 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of SecureWorks by 107.0% in the 2nd 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 during the period. Finally, 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 in the last quarter. 14.38% of the stock is currently owned by institutional investors and hedge funds.
SecureWorks Company Profile
(
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.
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