80,322 Shares in SecureWorks Corp. (NASDAQ:SCWX) Purchased by Wolverine Asset Management LLC

Wolverine Asset Management LLC acquired a new position in SecureWorks Corp. (NASDAQ:SCWX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 80,322 shares of the technology company’s stock, valued at approximately $680,000.

Several other institutional investors have also bought and sold shares of SCWX. Y.D. More Investments Ltd lifted its holdings 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 lifted its holdings in SecureWorks by 22.3% in the third quarter. FMR LLC now owns 21,734 shares of the technology company’s stock worth $192,000 after purchasing an additional 3,964 shares during the period. Empowered Funds LLC acquired a new stake in SecureWorks in the fourth quarter worth about $317,000. State Street Corp lifted its holdings in SecureWorks by 5.5% in the third quarter. State Street Corp now owns 44,227 shares of the technology company’s stock worth $391,000 after purchasing an additional 2,300 shares during the period. Finally, DRW Securities LLC acquired a new stake in SecureWorks in the third quarter worth about $407,000. Institutional investors and hedge funds own 14.38% of the company’s stock.

SecureWorks Stock Performance

Shares of SecureWorks stock opened at $8.51 on Friday. The company’s 50-day moving average price is $8.47 and its two-hundred day moving average price is $8.20. SecureWorks Corp. has a 52 week low of $5.61 and a 52 week high of $9.76. The stock has a market cap of $755.94 million, a PE ratio of -8.60 and a beta of 0.94.

SecureWorks (NASDAQ:SCWX) last issued its quarterly earnings results on Wednesday, December 4th. The technology company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.03). SecureWorks had a negative return on equity of 5.71% and a negative net margin of 25.49%. On average, equities analysts predict that SecureWorks Corp. will post -0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of SecureWorks in a research report on Thursday. They issued a “hold” rating on the stock.

SecureWorks 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.