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

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

SecureWorks Stock Performance

NASDAQ SCWX opened at $8.51 on Tuesday. The firm has a market cap of $755.94 million, a PE ratio of -8.60 and a beta of 0.94. SecureWorks has a 1-year low of $5.61 and a 1-year high of $9.76. The stock has a 50-day moving average of $8.51 and a 200-day moving average of $8.38.

Institutional Trading of SecureWorks

A number of institutional investors have recently made changes to their positions in the stock. Gardner Lewis Asset Management L P bought a new stake in SecureWorks during the 4th quarter valued at $10,795,000. FIL Ltd purchased a new position in shares of SecureWorks in the fourth quarter valued at about $6,392,000. Alpine Associates Management Inc. bought a new position in shares of SecureWorks during the fourth quarter valued at about $5,273,000. Alberta Investment Management Corp purchased a new stake in shares of SecureWorks during the fourth quarter worth about $5,076,000. Finally, Nexpoint Asset Management L.P. bought a new stake in shares of SecureWorks in the fourth quarter worth about $4,395,000. 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.