SecureWorks (NASDAQ:SCWX) Now Covered by StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of SecureWorks (NASDAQ:SCWX) in a report released on Tuesday. The brokerage set a “hold” rating on the technology company’s stock.

Separately, Needham & Company LLC restated a “hold” rating on shares of SecureWorks in a research note on Tuesday, October 22nd.

SecureWorks Stock Performance

SCWX stock opened at $8.50 on Tuesday. The company has a market capitalization of $755.06 million, a PE ratio of -8.59 and a beta of 0.94. SecureWorks has a one year low of $5.61 and a one year high of $9.76. The company’s fifty day moving average price is $8.45 and its 200-day moving average price is $8.09.

SecureWorks (NASDAQ:SCWX) last announced its earnings results on Wednesday, December 4th. The technology company reported ($0.13) earnings per share (EPS) 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%. On average, research analysts predict that SecureWorks will post -0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in shares of SecureWorks by 14.1% during the 3rd quarter. Geode Capital Management LLC now owns 160,430 shares of the technology company’s stock worth $1,420,000 after purchasing an additional 19,766 shares in the last quarter. State Street Corp raised its position in shares of SecureWorks by 5.5% in the 3rd 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 during the period. Marshall Wace LLP lifted its stake in shares of SecureWorks by 11.6% in the 2nd quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock valued at $350,000 after purchasing an additional 5,205 shares in the last quarter. FMR LLC raised its stake 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 acquiring an additional 3,964 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of SecureWorks by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 351,763 shares of the technology company’s stock worth $2,462,000 after purchasing an additional 16,327 shares in the last quarter. 14.38% of the stock is owned by institutional investors and hedge funds.

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.