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

StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX) in a research report report published on Sunday morning. The firm issued a hold rating on the technology company’s stock.

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of SecureWorks in a research report on Tuesday, October 22nd.

SecureWorks Stock Performance

Shares of SecureWorks stock opened at $8.45 on Friday. SecureWorks has a 1 year low of $5.61 and a 1 year high of $9.76. The company has a market capitalization of $750.61 million, a P/E ratio of -8.54 and a beta of 0.94. The company’s fifty day moving average is $8.43 and its two-hundred day moving average is $8.01.

Institutional Investors Weigh In On SecureWorks

A number of institutional investors have recently added to or reduced their stakes in SCWX. State Street Corp boosted its stake in shares of SecureWorks by 5.5% in the third quarter. State Street Corp now owns 44,227 shares of the technology company’s stock valued at $391,000 after buying an additional 2,300 shares in the last quarter. FMR LLC boosted its position in shares of SecureWorks by 22.3% during the 3rd quarter. FMR LLC now owns 21,734 shares of the technology company’s stock worth $192,000 after purchasing an additional 3,964 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of SecureWorks by 11.6% in the 2nd quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock valued at $350,000 after purchasing an additional 5,205 shares in the last quarter. Atom Investors LP lifted its stake in shares of SecureWorks by 14.6% in the third quarter. Atom Investors LP now owns 85,186 shares of the technology company’s stock valued at $754,000 after purchasing an additional 10,823 shares during the period. Finally, Brooktree Capital Management boosted its holdings in SecureWorks by 9.9% during the third quarter. Brooktree Capital Management now owns 174,191 shares of the technology company’s stock worth $1,542,000 after buying an additional 15,680 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.