Marshall Wace LLP Has $350,000 Stock Position in SecureWorks Corp. (NASDAQ:SCWX)

Marshall Wace LLP lifted its stake in shares of SecureWorks Corp. (NASDAQ:SCWX) by 11.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,997 shares of the technology company’s stock after buying an additional 5,205 shares during the period. Marshall Wace LLP owned about 0.06% of SecureWorks worth $350,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Kovack Advisors Inc. increased its holdings in SecureWorks by 55.4% in the 1st quarter. Kovack Advisors Inc. now owns 207,400 shares of the technology company’s stock worth $1,394,000 after purchasing an additional 73,900 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake 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 buying an additional 19,735 shares during the period. Jaffetilchin Investment Partners LLC bought a new position in SecureWorks in the 2nd quarter valued at approximately $127,000. Renaissance Technologies LLC boosted its position in SecureWorks by 22.3% during 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 during the period. Finally, Palogic Value Management L.P. grew its holdings in SecureWorks by 2.7% during the 4th quarter. Palogic Value Management L.P. now owns 243,000 shares of the technology company’s stock worth $1,793,000 after acquiring an additional 6,497 shares during the last quarter. 14.38% of the stock is currently owned by institutional investors and hedge funds.

SecureWorks Stock Performance

SecureWorks stock opened at $8.16 on Friday. The firm has a market cap of $724.85 million, a price-to-earnings ratio of -7.70 and a beta of 0.99. SecureWorks Corp. has a 52-week low of $5.40 and a 52-week high of $9.76. The firm has a 50 day moving average price of $7.73 and a two-hundred day moving average price of $6.89.

SecureWorks (NASDAQ:SCWX) last announced its earnings results on Thursday, September 5th. The technology company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). The firm had revenue of $82.18 million for the quarter, compared to the consensus estimate of $80.98 million. SecureWorks had a negative return on equity of 4.94% and a negative net margin of 21.23%. As a group, equities research analysts predict that SecureWorks Corp. will post -0.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SCWX has been the subject of several analyst reports. Barclays raised their price target on shares of SecureWorks from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Friday, September 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of SecureWorks in a report on Friday, September 6th.

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.