Scalar Gauge Management LLC Has $2.21 Million Holdings in SecureWorks Corp. (NASDAQ:SCWX)

Scalar Gauge Management LLC raised its stake in SecureWorks Corp. (NASDAQ:SCWX) by 18.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 316,137 shares of the technology company’s stock after acquiring an additional 50,000 shares during the period. SecureWorks comprises about 1.3% of Scalar Gauge Management LLC’s investment portfolio, making the stock its 22nd largest position. Scalar Gauge Management LLC owned 0.36% of SecureWorks worth $2,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Kovack Advisors Inc. grew its holdings in shares of SecureWorks by 55.4% in the 1st quarter. Kovack Advisors Inc. now owns 207,400 shares of the technology company’s stock worth $1,394,000 after purchasing an additional 73,900 shares during the last quarter. King Luther Capital Management Corp bought a new position in shares of SecureWorks in the second quarter valued at about $411,000. Renaissance Technologies LLC lifted its position in SecureWorks by 22.3% during the 2nd quarter. Renaissance Technologies LLC now owns 181,540 shares of the technology company’s stock worth $1,271,000 after buying an additional 33,100 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in SecureWorks by 107.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company’s stock worth $267,000 after acquiring an additional 19,735 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC bought a new position in shares of SecureWorks in the second quarter worth about $127,000. 14.38% of the stock is currently owned by institutional investors and hedge funds.

SecureWorks Trading Down 3.0 %

SecureWorks stock opened at $7.85 on Tuesday. The company has a market cap of $693.96 million, a PE ratio of -7.41 and a beta of 0.99. SecureWorks Corp. has a 1 year low of $5.40 and a 1 year high of $9.76. The company’s 50-day moving average is $7.59 and its two-hundred day moving average is $6.74.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays raised their price target 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 reiterated a “hold” rating on shares of SecureWorks in a research report on Friday, September 6th.

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.