First Eagle Investment Management LLC Sells 33,046 Shares of SecureWorks Corp. (NASDAQ:SCWX)

First Eagle Investment Management LLC decreased its holdings in SecureWorks Corp. (NASDAQ:SCWX) by 3.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 858,682 shares of the technology company’s stock after selling 33,046 shares during the quarter. First Eagle Investment Management LLC owned 0.97% of SecureWorks worth $6,011,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC bought a new position in shares of SecureWorks in the second quarter valued at approximately $127,000. Oppenheimer Asset Management Inc. lifted its stake in 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 in the last quarter. Brooktree Capital Management boosted its holdings in SecureWorks by 1.1% during the 1st quarter. Brooktree Capital Management now owns 163,910 shares of the technology company’s stock worth $1,101,000 after acquiring an additional 1,775 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of SecureWorks by 22.3% in the 2nd quarter. Renaissance Technologies LLC now owns 181,540 shares of the technology company’s stock worth $1,271,000 after acquiring an additional 33,100 shares in the last quarter. Finally, Kovack Advisors Inc. raised its holdings in shares of SecureWorks by 55.4% in the first quarter. Kovack Advisors Inc. now owns 207,400 shares of the technology company’s stock valued at $1,394,000 after purchasing an additional 73,900 shares during the last quarter. Institutional investors own 14.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SCWX. Needham & Company LLC reaffirmed a “hold” rating on shares of SecureWorks in a research report on Friday, September 6th. Barclays upped their target price on SecureWorks from $6.00 to $7.00 and gave the company an “underweight” rating in a report on Friday, September 6th.

SecureWorks Price Performance

NASDAQ SCWX opened at $8.09 on Friday. The stock has a market capitalization of $718.63 million, a price-to-earnings ratio of -7.63 and a beta of 0.99. The business’s fifty day moving average is $7.58 and its 200-day moving average is $6.73. SecureWorks Corp. has a one year low of $5.40 and a one year high of $9.76.

About SecureWorks

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.