SecureWorks (NASDAQ:SCWX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of SecureWorks (NASDAQ:SCWX) in a report issued on Sunday. The brokerage set a “hold” rating on the technology company’s stock.

Separately, Needham & Company LLC reissued a “hold” rating on shares of SecureWorks in a research report on Tuesday, October 22nd.

SecureWorks Stock Performance

Shares of NASDAQ:SCWX opened at $8.45 on Friday. The company has a market capitalization of $750.61 million, a PE ratio of -8.54 and a beta of 0.94. The stock has a fifty day moving average of $8.43 and a 200-day moving average of $8.00. SecureWorks has a one year low of $5.61 and a one year high of $9.76.

Institutional Investors Weigh In On SecureWorks

Hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. increased its holdings in shares of SecureWorks by 107.0% in the 2nd 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 during the period. Dimensional Fund Advisors LP increased its stake in SecureWorks by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 351,763 shares of the technology company’s stock valued at $2,462,000 after buying an additional 16,327 shares during the period. Renaissance Technologies LLC lifted its position in 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 buying an additional 33,100 shares in the last quarter. King Luther Capital Management Corp acquired a new stake in shares of SecureWorks during the 2nd quarter valued at $411,000. Finally, Marshall Wace LLP grew its holdings in shares of SecureWorks by 11.6% during the 2nd quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock valued at $350,000 after acquiring an additional 5,205 shares in the last quarter. 14.38% of the stock is 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.