SecureWorks Corp. (NASDAQ:SCWX) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lessened its stake in SecureWorks Corp. (NASDAQ:SCWX) by 5.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,705 shares of the technology company’s stock after selling 1,943 shares during the period. King Luther Capital Management Corp’s holdings in SecureWorks were worth $285,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Retirement Solution LLC bought a new position in shares of SecureWorks in the fourth quarter valued at approximately $85,000. Y.D. More Investments Ltd lifted its position 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 purchasing an additional 1,501 shares during the period. FMR LLC boosted its stake in SecureWorks by 22.3% during the 3rd quarter. FMR LLC now owns 21,734 shares of the technology company’s stock valued at $192,000 after purchasing an additional 3,964 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of SecureWorks during the 4th quarter valued at $317,000. Finally, State Street Corp raised its stake in shares of SecureWorks by 5.5% in the 3rd quarter. State Street Corp now owns 44,227 shares of the technology company’s stock worth $391,000 after buying an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 14.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on SecureWorks in a research note on Saturday, March 8th. They set a “hold” rating for the company.

SecureWorks Price Performance

SCWX stock opened at $8.51 on Friday. The firm has a market cap of $755.94 million, a PE ratio of -8.60 and a beta of 0.94. SecureWorks Corp. has a 12 month low of $5.61 and a 12 month high of $9.76. The firm has a 50 day simple moving average of $8.49 and a 200 day simple moving average of $8.31.

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.