Mint Tower Capital Management B.V. Buys New Position in SecureWorks Corp. (NASDAQ:SCWX)

Mint Tower Capital Management B.V. purchased a new position in shares of SecureWorks Corp. (NASDAQ:SCWX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 72,918 shares of the technology company’s stock, valued at approximately $617,000. Mint Tower Capital Management B.V. owned 0.08% of SecureWorks at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Virtu Financial LLC purchased a new stake in SecureWorks during the 4th quarter worth approximately $302,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of SecureWorks during the fourth quarter worth $169,000. Retirement Solution LLC acquired a new stake in shares of SecureWorks in the fourth quarter valued at $85,000. Alpine Associates Management Inc. purchased a new position in SecureWorks in the fourth quarter valued at $5,273,000. Finally, Wolverine Asset Management LLC acquired a new position in SecureWorks during the 4th quarter worth $680,000. Institutional investors and hedge funds own 14.38% of the company’s stock.

SecureWorks Stock Performance

Shares of SCWX opened at $8.51 on Thursday. The firm has a market capitalization of $755.94 million, a price-to-earnings ratio of -8.60 and a beta of 0.94. The firm’s fifty day simple moving average is $8.50 and its 200-day simple moving average is $8.36. SecureWorks Corp. has a twelve month low of $5.61 and a twelve month high of $9.76.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on SecureWorks in a research report on Monday. They issued a “hold” rating on the 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.