SecureWorks (NASDAQ:SCWX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX) in a note issued to investors on Saturday. The firm set a “hold” rating on the technology company’s stock.

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

SecureWorks Price Performance

Shares of SecureWorks stock opened at $8.43 on Friday. SecureWorks has a 1 year low of $5.61 and a 1 year high of $9.76. The firm’s 50-day moving average is $8.42 and its 200 day moving average is $7.93. The stock has a market cap of $748.82 million, a price-to-earnings ratio of -8.52 and a beta of 0.94.

Hedge Funds Weigh In On SecureWorks

A number of hedge funds have recently bought and sold shares of SCWX. King Luther Capital Management Corp purchased a new stake in SecureWorks during the 2nd quarter valued at $411,000. Gladius Capital Management LP bought a new stake in SecureWorks during the third quarter valued at about $463,000. Scalar Gauge Management LLC increased its position in SecureWorks by 16.4% in the third quarter. Scalar Gauge Management LLC now owns 368,006 shares of the technology company’s stock worth $3,257,000 after buying an additional 51,869 shares in the last quarter. Inspire Investing LLC bought a new position in shares of SecureWorks in the third quarter worth about $449,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of SecureWorks during the 3rd quarter valued at about $442,000. Hedge funds and other institutional investors own 14.38% of the company’s stock.

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.