StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX – Free Report) in a research report sent to investors on Saturday morning. The brokerage issued a hold rating on the technology company’s stock.
Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of SecureWorks in a research report on Tuesday, October 22nd.
Check Out Our Latest Stock Report on SecureWorks
SecureWorks Stock Performance
Hedge Funds Weigh In On SecureWorks
Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its position in shares of SecureWorks by 14.1% during the 3rd quarter. Geode Capital Management LLC now owns 160,430 shares of the technology company’s stock valued at $1,420,000 after acquiring an additional 19,766 shares during the period. State Street Corp raised its holdings in shares of SecureWorks by 5.5% during the third quarter. State Street Corp now owns 44,227 shares of the technology company’s stock valued at $391,000 after purchasing an additional 2,300 shares during the period. Marshall Wace LLP boosted its position in shares of 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 purchasing an additional 5,205 shares in the last quarter. FMR LLC grew its stake in shares of SecureWorks by 22.3% in the 3rd quarter. FMR LLC now owns 21,734 shares of the technology company’s stock valued at $192,000 after buying an additional 3,964 shares during the period. Finally, Scalar Gauge Management LLC increased its position in SecureWorks by 18.8% in the 2nd quarter. Scalar Gauge Management LLC now owns 316,137 shares of the technology company’s stock valued at $2,213,000 after buying an additional 50,000 shares in the last quarter. 14.38% of the stock is currently owned by institutional investors.
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.
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