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

Analysts at StockNews.com initiated coverage on shares of SecureWorks (NASDAQ:SCWX) in a report released on Friday. The firm set a “hold” rating on the technology company’s stock.

A number of other research analysts also recently weighed in on the company. Barclays upped their price target on SecureWorks from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of SecureWorks in a research report on Tuesday, October 22nd.

SecureWorks Trading Down 0.2 %

SCWX opened at $8.44 on Friday. The company has a fifty day moving average price of $8.42 and a two-hundred day moving average price of $7.84. SecureWorks has a 1-year low of $5.61 and a 1-year high of $9.76. The company has a market cap of $749.71 million, a P/E ratio of -8.53 and a beta of 1.00.

Institutional Investors Weigh In On SecureWorks

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. lifted its holdings in shares of SecureWorks by 107.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company’s stock valued at $267,000 after purchasing an additional 19,735 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of SecureWorks by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 351,763 shares of the technology company’s stock worth $2,462,000 after acquiring an additional 16,327 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of SecureWorks by 22.3% in the second quarter. Renaissance Technologies LLC now owns 181,540 shares of the technology company’s stock valued at $1,271,000 after purchasing an additional 33,100 shares during the last quarter. King Luther Capital Management Corp bought a new position in shares of SecureWorks during the second quarter valued at about $411,000. Finally, Marshall Wace LLP boosted its holdings 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 purchasing an additional 5,205 shares during the last quarter. Institutional investors and hedge funds own 14.38% of the company’s stock.

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.