StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX – Get Free Report) in a research note issued on Tuesday. The brokerage set a “hold” rating on the technology company’s stock.
SecureWorks Price Performance
NASDAQ SCWX opened at $8.51 on Tuesday. The business’s 50-day moving average is $8.51 and its 200 day moving average is $8.38. The stock has a market capitalization of $755.94 million, a PE ratio of -8.60 and a beta of 0.94. SecureWorks has a 1 year low of $5.61 and a 1 year high of $9.76.
Institutional Trading of SecureWorks
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCWX. Retirement Solution LLC purchased a new position in shares of SecureWorks in the 4th quarter valued at approximately $85,000. Balyasny Asset Management L.P. bought a new position in SecureWorks during the 4th quarter valued at approximately $103,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in SecureWorks during the fourth quarter valued at $169,000. Y.D. More Investments Ltd boosted its holdings in SecureWorks by 7.9% in the fourth quarter. Y.D. More Investments Ltd now owns 20,465 shares of the technology company’s stock worth $173,000 after acquiring an additional 1,501 shares in the last quarter. Finally, FMR LLC boosted its holdings in 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 in the last quarter. Hedge funds and other 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.
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