Connor Clark & Lunn Investment Management Ltd. Decreases Stock Position in SecureWorks Corp. (NASDAQ:SCWX)

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of SecureWorks Corp. (NASDAQ:SCWX) by 49.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,553 shares of the technology company’s stock after selling 31,201 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in SecureWorks were worth $267,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SCWX. Retirement Solution LLC purchased a new stake in shares of SecureWorks during the fourth quarter worth about $85,000. Y.D. More Investments Ltd increased its holdings in SecureWorks by 7.9% during the 4th quarter. Y.D. More Investments Ltd now owns 20,465 shares of the technology company’s stock worth $173,000 after purchasing an additional 1,501 shares during the last quarter. FMR LLC raised its position in shares of SecureWorks by 22.3% in the 3rd quarter. FMR LLC now owns 21,734 shares of the technology company’s stock valued at $192,000 after purchasing an additional 3,964 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of SecureWorks during the 4th quarter valued at approximately $317,000. Finally, State Street Corp grew its position in shares of SecureWorks by 5.5% during the third quarter. State Street Corp now owns 44,227 shares of the technology company’s stock worth $391,000 after buying an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 14.38% of the company’s stock.

SecureWorks Stock Performance

NASDAQ:SCWX opened at $8.51 on Monday. The stock has a 50-day simple moving average of $8.49 and a 200 day simple moving average of $8.35. SecureWorks Corp. has a one year low of $5.61 and a one year high of $9.76. The company has a market capitalization of $755.94 million, a price-to-earnings ratio of -8.60 and a beta of 0.94.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of SecureWorks in a report on Monday. They issued a “hold” rating on the stock.

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.