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

StockNews.com began coverage on shares of SecureWorks (NASDAQ:SCWX) in a research note issued to investors on Thursday. The firm issued a hold rating on the technology company’s stock.

SecureWorks Price Performance

NASDAQ SCWX opened at $8.51 on Thursday. The business’s 50-day simple moving average is $8.51 and its 200-day simple moving average is $8.43. The firm has a market capitalization of $755.94 million, a P/E 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.

Institutional Trading of SecureWorks

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its position 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 buying an additional 3,964 shares during the period. State Street Corp grew its position in SecureWorks by 5.5% in the third quarter. State Street Corp now owns 44,227 shares of the technology company’s stock valued at $391,000 after acquiring an additional 2,300 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of SecureWorks by 14.1% during the third quarter. Geode Capital Management LLC now owns 160,430 shares of the technology company’s stock valued at $1,420,000 after purchasing an additional 19,766 shares during the period. Y.D. More Investments Ltd lifted its position in shares of SecureWorks by 7.9% during 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 in the last quarter. Finally, Empowered Funds LLC acquired a new stake in SecureWorks during the 4th quarter valued at $317,000. 14.38% of the stock is 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.