SecureWorks (NASDAQ:SCWX) Research Coverage Started at StockNews.com

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

SecureWorks Stock Performance

SCWX opened at $8.51 on Monday. SecureWorks has a 1-year low of $5.61 and a 1-year high of $9.76. The company has a market cap of $755.94 million, a P/E ratio of -8.60 and a beta of 0.94. The company has a fifty day moving average price of $8.50 and a two-hundred day moving average price of $8.36.

Institutional Trading of SecureWorks

A number of hedge funds and other institutional investors have recently bought and sold shares of SCWX. Geode Capital Management LLC boosted its position in shares of SecureWorks by 14.1% during the third quarter. Geode Capital Management LLC now owns 160,430 shares of the technology company’s stock valued at $1,420,000 after buying an additional 19,766 shares during the last quarter. State Street Corp increased its stake in shares of SecureWorks by 5.5% in the third quarter. State Street Corp now owns 44,227 shares of the technology company’s stock worth $391,000 after purchasing an additional 2,300 shares in the last quarter. FMR LLC boosted its holdings in shares of SecureWorks by 22.3% in the third quarter. FMR LLC now owns 21,734 shares of the technology company’s stock worth $192,000 after acquiring an additional 3,964 shares during the period. Empowered Funds LLC bought a new stake in shares of SecureWorks during the fourth quarter valued at about $317,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in SecureWorks by 37.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,754 shares of the technology company’s stock valued at $555,000 after buying an additional 17,077 shares during the period. Institutional investors own 14.38% of the company’s stock.

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.