Equities research analysts at StockNews.com initiated coverage on shares of SecureWorks (NASDAQ:SCWX - Get Free Report) in a research report issued on Thursday. The brokerage set a "hold" rating on the technology company's stock.
A number of other equities analysts have also issued reports on SCWX. Needham & Company LLC reiterated a "hold" rating on shares of SecureWorks in a research report on Tuesday, October 22nd. Barclays boosted 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.
Read Our Latest Research Report on SCWX
SecureWorks Price Performance
Shares of SCWX stock remained flat at $8.46 during trading on Thursday. The company had a trading volume of 98,433 shares, compared to its average volume of 102,625. The stock has a 50 day moving average price of $8.40 and a 200 day moving average price of $7.77. SecureWorks has a 1-year low of $5.61 and a 1-year high of $9.76. The firm has a market cap of $751.48 million, a P/E ratio of -8.55 and a beta of 1.00.
Institutional Investors Weigh In On SecureWorks
A number of large investors have recently added to or reduced their stakes in SCWX. 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 SecureWorks in the second quarter valued at about $127,000. FMR LLC raised its stake in SecureWorks by 22.3% in the third quarter. FMR LLC now owns 21,734 shares of the technology company's stock valued at $192,000 after purchasing an additional 3,964 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position 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 during the period. Finally, Marshall Wace LLP grew its stake in 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 buying an additional 5,205 shares in the last quarter. Institutional investors 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.
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