Gladius Capital Management LP Acquires New Stake in SecureWorks Corp. (NASDAQ:SCWX)

Gladius Capital Management LP purchased a new position in shares of SecureWorks Corp. (NASDAQ:SCWX) in the third quarter, HoldingsChannel reports. The fund purchased 52,351 shares of the technology company’s stock, valued at approximately $463,000. SecureWorks comprises about 0.1% of Gladius Capital Management LP’s portfolio, making the stock its 23rd largest holding.

Several other large investors have also added to or reduced their stakes in SCWX. Marshall Wace LLP lifted its position in SecureWorks by 11.6% during the 2nd quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock worth $350,000 after buying an additional 5,205 shares in the last quarter. Brooktree Capital Management increased its position in shares of SecureWorks by 9.9% in the third quarter. Brooktree Capital Management now owns 174,191 shares of the technology company’s stock valued at $1,542,000 after acquiring an additional 15,680 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in SecureWorks by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 351,763 shares of the technology company’s stock worth $2,462,000 after acquiring an additional 16,327 shares in the last quarter. Squarepoint Ops LLC acquired a new position in SecureWorks during the second quarter valued at approximately $121,000. Finally, Jaffetilchin Investment Partners LLC bought a new position in SecureWorks in the second quarter valued at approximately $127,000. Institutional investors and hedge funds own 14.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. StockNews.com initiated coverage on SecureWorks in a research note on Saturday. They set a “hold” rating on the stock. Barclays upped their price target on shares of SecureWorks from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of SecureWorks in a research report on Tuesday, October 22nd.

SecureWorks Price Performance

SCWX opened at $8.37 on Friday. SecureWorks Corp. has a 12-month low of $5.61 and a 12-month high of $9.76. The business has a 50 day moving average of $8.14 and a 200-day moving average of $7.30. The stock has a market cap of $743.51 million, a price-to-earnings ratio of -9.85 and a beta of 1.00.

SecureWorks (NASDAQ:SCWX) last announced its quarterly earnings results on Thursday, September 5th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.05). SecureWorks had a negative net margin of 21.23% and a negative return on equity of 4.94%. The business had revenue of $82.18 million for the quarter, compared to analyst estimates of $80.98 million. As a group, analysts expect that SecureWorks Corp. will post -0.29 earnings per share for the current year.

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.