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

StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX) in a research note issued on Thursday. The firm set a “hold” rating on the technology company’s stock.

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

SecureWorks Stock Performance

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

Hedge Funds Weigh In On SecureWorks

Several institutional investors have recently bought and sold shares of the business. Jaffetilchin Investment Partners LLC acquired a new position in shares of SecureWorks during the second quarter worth approximately $127,000. Oppenheimer Asset Management Inc. lifted its holdings in SecureWorks by 107.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company’s stock worth $267,000 after buying an additional 19,735 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 buying an additional 16,327 shares in the last quarter. Renaissance Technologies LLC boosted its position in SecureWorks by 22.3% in the 2nd quarter. Renaissance Technologies LLC now owns 181,540 shares of the technology company’s stock valued at $1,271,000 after buying an additional 33,100 shares during the last quarter. Finally, King Luther Capital Management Corp acquired a new stake in shares of SecureWorks in the 2nd quarter valued at $411,000. Institutional investors own 14.38% of the company’s stock.

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.