Gagnon Securities LLC Decreases Stake in SecureWorks Corp. (NASDAQ:SCWX)

Gagnon Securities LLC lessened its position in shares of SecureWorks Corp. (NASDAQ:SCWX) by 86.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 197,193 shares of the technology company’s stock after selling 1,296,666 shares during the quarter. Gagnon Securities LLC’s holdings in SecureWorks were worth $1,668,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State Street Corp grew its holdings in SecureWorks by 5.5% during the third quarter. State Street Corp now owns 44,227 shares of the technology company’s stock valued at $391,000 after purchasing an additional 2,300 shares during the period. FMR LLC boosted its stake in SecureWorks by 22.3% during the third quarter. FMR LLC now owns 21,734 shares of the technology company’s stock valued at $192,000 after buying an additional 3,964 shares during the last quarter. Marshall Wace LLP boosted its stake in SecureWorks by 11.6% during the second quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock valued at $350,000 after buying an additional 5,205 shares during the last quarter. Atom Investors LP boosted its stake in SecureWorks by 14.6% during the third quarter. Atom Investors LP now owns 85,186 shares of the technology company’s stock valued at $754,000 after buying an additional 10,823 shares during the last quarter. Finally, Brooktree Capital Management raised its position in SecureWorks by 9.9% during the third quarter. Brooktree Capital Management now owns 174,191 shares of the technology company’s stock valued at $1,542,000 after purchasing an additional 15,680 shares during the period. Hedge funds and other institutional investors own 14.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of SecureWorks in a report on Tuesday, October 22nd. StockNews.com assumed coverage on SecureWorks in a research report on Monday, January 27th. They set a “hold” rating on the stock.

SecureWorks Price Performance

SecureWorks stock opened at $8.51 on Friday. SecureWorks Corp. has a 1-year low of $5.61 and a 1-year high of $9.76. The business has a fifty day moving average price of $8.45 and a 200-day moving average price of $8.09.

SecureWorks (NASDAQ:SCWX) last posted its quarterly earnings data on Wednesday, December 4th. The technology company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). SecureWorks had a negative return on equity of 5.71% and a negative net margin of 25.49%. Research analysts anticipate that SecureWorks Corp. will post -0.29 EPS for the current fiscal year.

SecureWorks 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.