SecureWorks Corp. (NASDAQ:SCWX) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC lessened its stake in shares of SecureWorks Corp. (NASDAQ:SCWX) by 40.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 496,899 shares of the technology company’s stock after selling 335,870 shares during the quarter. First Eagle Investment Management LLC’s holdings in SecureWorks were worth $4,204,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Retirement Solution LLC acquired a new position in shares of SecureWorks in the fourth quarter worth about $85,000. Y.D. More Investments Ltd lifted its stake in shares of 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 acquiring an additional 1,501 shares in the last quarter. FMR LLC lifted its stake in shares of 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 acquiring an additional 3,964 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of SecureWorks in the fourth quarter worth about $317,000. Finally, State Street Corp lifted 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 worth $391,000 after acquiring an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 14.38% of the company’s stock.

SecureWorks Price Performance

Shares of SecureWorks stock opened at $8.51 on Friday. The firm has a market cap of $755.94 million, a P/E ratio of -8.60 and a beta of 0.94. SecureWorks Corp. has a fifty-two week low of $5.61 and a fifty-two week high of $9.76. The business has a 50-day moving average price of $8.49 and a 200 day moving average price of $8.33.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on SecureWorks in a research note on Sunday. They issued a “hold” rating on the 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.