SecureWorks (NASDAQ:SCWX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of SecureWorks (NASDAQ:SCWX) in a report issued on Thursday morning. The firm issued a hold rating on the technology company’s stock.

SCWX has been the topic of a number of other research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of SecureWorks in a research report on Tuesday, October 22nd. Barclays upped their price target on SecureWorks from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Friday, September 6th.

SecureWorks Trading Down 0.1 %

Shares of NASDAQ:SCWX opened at $8.45 on Thursday. The company has a market cap of $750.60 million, a PE ratio of -8.54 and a beta of 1.00. SecureWorks has a 12-month low of $5.61 and a 12-month high of $9.76. The stock has a 50 day moving average of $8.41 and a 200 day moving average of $7.79.

Institutional Investors Weigh In On SecureWorks

A number of large investors have recently modified their holdings of the company. Squarepoint Ops LLC purchased a new position in shares of SecureWorks in the 2nd quarter valued at about $121,000. Jaffetilchin Investment Partners LLC purchased a new position in SecureWorks in the second quarter valued at approximately $127,000. FMR LLC increased its stake in SecureWorks by 22.3% in the third 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 during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in SecureWorks by 107.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company’s stock worth $267,000 after purchasing an additional 19,735 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of SecureWorks by 11.6% during the 2nd quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock worth $350,000 after buying an additional 5,205 shares during the last quarter. 14.38% of the stock is owned by hedge funds and other institutional investors.

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.