Fmr LLC Purchases 3,964 Shares of SecureWorks Corp. (NASDAQ:SCWX)

Fmr LLC raised its holdings in shares of SecureWorks Corp. (NASDAQ:SCWX) by 22.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,734 shares of the technology company’s stock after purchasing an additional 3,964 shares during the period. Fmr LLC’s holdings in SecureWorks were worth $192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Jaffetilchin Investment Partners LLC bought a new position in SecureWorks during the second quarter worth about $127,000. Oppenheimer Asset Management Inc. raised its position 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 acquiring an additional 19,735 shares during the period. Dimensional Fund Advisors LP boosted its stake in SecureWorks by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 351,763 shares of the technology company’s stock worth $2,462,000 after acquiring an additional 16,327 shares during the last quarter. Renaissance Technologies LLC grew its holdings in SecureWorks by 22.3% during the second quarter. Renaissance Technologies LLC now owns 181,540 shares of the technology company’s stock valued at $1,271,000 after purchasing an additional 33,100 shares during the period. Finally, King Luther Capital Management Corp bought a new stake in SecureWorks in the second quarter valued at approximately $411,000. 14.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SCWX has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of SecureWorks in a report on Tuesday, October 22nd. Barclays boosted their target price on SecureWorks from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Friday, September 6th. Finally, StockNews.com began coverage on SecureWorks in a research report on Wednesday. They set a “hold” rating on the stock.

SecureWorks Trading Up 0.2 %

SCWX opened at $8.47 on Friday. The stock has a market capitalization of $752.37 million, a P/E ratio of -8.56 and a beta of 1.00. SecureWorks Corp. has a 12 month low of $5.61 and a 12 month high of $9.76. The firm’s fifty day simple moving average is $8.38 and its 200 day simple moving average is $7.72.

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.