StockNews.com Begins Coverage on SecureWorks (NASDAQ:SCWX)

StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX - Get Free Report) in a report issued on Saturday. The brokerage set a "hold" rating on the technology company's stock.

Separately, Needham & Company LLC restated a "hold" rating on shares of SecureWorks in a report on Tuesday, October 22nd.

SecureWorks Stock Up 0.1 %

Shares of SecureWorks stock traded up $0.01 on Friday, hitting $8.43. 135,955 shares of the company were exchanged, compared to its average volume of 190,793. SecureWorks has a 1-year low of $5.61 and a 1-year high of $9.76. The stock has a market capitalization of $748.82 million, a price-to-earnings ratio of -8.52 and a beta of 0.94. The company has a 50-day moving average price of $8.42 and a 200 day moving average price of $7.95.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SCWX. Squarepoint Ops LLC purchased a new stake in shares of SecureWorks in the 2nd quarter valued at approximately $121,000. FMR LLC raised its position 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 during the period. Oppenheimer Asset Management Inc. lifted its stake 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. Marshall Wace LLP boosted its position 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 buying an additional 5,205 shares during the period. Finally, State Street Corp grew its stake in shares of SecureWorks by 5.5% in the third 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 in the last quarter. 14.38% of the stock is currently owned by hedge funds and other institutional investors.

SecureWorks Company Profile

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.