Empowered Funds LLC Invests $317,000 in SecureWorks Corp. (NASDAQ:SCWX)

Empowered Funds LLC purchased a new stake in SecureWorks Corp. (NASDAQ:SCWX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 37,479 shares of the technology company’s stock, valued at approximately $317,000.

A number of other hedge funds have also bought and sold shares of the business. Y.D. More Investments Ltd boosted its holdings in SecureWorks by 7.9% in the 4th quarter. Y.D. More Investments Ltd now owns 20,465 shares of the technology company’s stock valued at $173,000 after purchasing an additional 1,501 shares during the period. FMR LLC raised its position in shares of 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 buying an additional 3,964 shares in the last quarter. State Street Corp boosted 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 during the period. DRW Securities LLC acquired a new stake in SecureWorks during the third quarter worth approximately $407,000. Finally, Brown Brothers Harriman & Co. bought a new position in SecureWorks during the 3rd quarter worth $442,000. 14.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on SecureWorks in a research report on Thursday. They set a “hold” rating for the company.

SecureWorks Price Performance

SCWX stock opened at $8.51 on Friday. The company’s 50-day moving average price is $8.47 and its two-hundred day moving average price is $8.18. The firm has a market cap of $755.94 million, a P/E ratio of -8.60 and a beta of 0.94. SecureWorks Corp. has a 12 month low of $5.61 and a 12 month high of $9.76.

SecureWorks (NASDAQ:SCWX) last released its quarterly earnings data on Wednesday, December 4th. The technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.03). SecureWorks had a negative net margin of 25.49% and a negative return on equity of 5.71%. Equities analysts predict that SecureWorks Corp. will post -0.29 EPS for the current year.

SecureWorks 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.