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

StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX) in a research note released on Friday morning. The brokerage issued a hold rating on the technology company’s stock.

Other research analysts have also recently issued reports about the company. Needham & Company LLC restated a “hold” rating on shares of SecureWorks in a research note on Tuesday, October 22nd. Barclays lifted their price objective on shares of SecureWorks from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Friday, September 6th.

SecureWorks Price Performance

NASDAQ SCWX opened at $8.44 on Friday. The company has a market cap of $749.71 million, a price-to-earnings ratio of -8.53 and a beta of 1.00. The stock’s fifty day moving average price is $8.42 and its 200 day moving average price is $7.85. SecureWorks has a 1 year low of $5.61 and a 1 year high of $9.76.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SCWX. Oppenheimer Asset Management Inc. grew its stake in shares of 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 purchasing an additional 19,735 shares during the period. Dimensional Fund Advisors LP grew its position in SecureWorks by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 351,763 shares of the technology company’s stock valued at $2,462,000 after buying an additional 16,327 shares during the period. Renaissance Technologies LLC increased its holdings in SecureWorks by 22.3% in the second 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 in the last quarter. King Luther Capital Management Corp acquired a new position in shares of SecureWorks in the second quarter worth about $411,000. Finally, Marshall Wace LLP boosted its stake in shares of SecureWorks by 11.6% during the 2nd quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock worth $350,000 after acquiring an additional 5,205 shares in the last quarter. 14.38% of the stock is currently owned by hedge funds and other institutional investors.

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.