Oppenheimer Asset Management Inc. Has $267,000 Stock Holdings in SecureWorks Corp. (NASDAQ:SCWX)

Oppenheimer Asset Management Inc. raised its stake in shares of SecureWorks Corp. (NASDAQ:SCWX) by 107.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,180 shares of the technology company’s stock after purchasing an additional 19,735 shares during the period. Oppenheimer Asset Management Inc.’s holdings in SecureWorks were worth $267,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Jaffetilchin Investment Partners LLC acquired a new position in SecureWorks during the second quarter valued at approximately $127,000. First Eagle Investment Management LLC boosted its position in shares of SecureWorks by 1.5% in the first quarter. First Eagle Investment Management LLC now owns 891,728 shares of the technology company’s stock valued at $5,992,000 after acquiring an additional 13,551 shares during the period. Brooktree Capital Management boosted its position in shares of SecureWorks by 1.1% in the first quarter. Brooktree Capital Management now owns 163,910 shares of the technology company’s stock valued at $1,101,000 after acquiring an additional 1,775 shares during the period. Horrell Capital Management Inc. boosted its position in shares of SecureWorks by 0.3% in the first quarter. Horrell Capital Management Inc. now owns 582,878 shares of the technology company’s stock valued at $3,917,000 after acquiring an additional 2,000 shares during the period. Finally, Kovack Advisors Inc. boosted its position in shares of SecureWorks by 55.4% in the first quarter. Kovack Advisors Inc. now owns 207,400 shares of the technology company’s stock valued at $1,394,000 after acquiring an additional 73,900 shares during the period. Institutional investors and hedge funds own 14.38% of the company’s stock.

SecureWorks Price Performance

SCWX opened at $8.09 on Friday. SecureWorks Corp. has a fifty-two week low of $5.40 and a fifty-two week high of $9.76. The firm’s fifty day moving average price is $7.58 and its two-hundred day moving average price is $6.73. The company has a market capitalization of $718.63 million, a P/E ratio of -7.63 and a beta of 0.99.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barclays increased their price objective on SecureWorks from $6.00 to $7.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Needham & Company LLC reissued a “hold” rating on shares of SecureWorks in a research report on Friday, September 6th.

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.