SecureWorks (NASDAQ:SCWX) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX) in a report issued on Sunday morning. The firm issued a hold rating on the technology company’s stock.

SecureWorks Price Performance

Shares of SCWX stock opened at $8.51 on Friday. The company has a fifty day moving average price of $8.49 and a two-hundred day moving average price of $8.33. The stock has a market cap of $755.94 million, a P/E ratio of -8.60 and a beta of 0.94. SecureWorks has a one year low of $5.61 and a one year high of $9.76.

Institutional Trading of SecureWorks

A number of hedge funds have recently modified their holdings of SCWX. Retirement Solution LLC acquired a new stake in shares of SecureWorks during the 4th quarter worth about $85,000. Balyasny Asset Management L.P. acquired a new stake in shares of SecureWorks during the 4th quarter worth about $103,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of SecureWorks during the 4th quarter worth about $169,000. Y.D. More Investments Ltd lifted its stake in shares of SecureWorks by 7.9% during the 4th quarter. Y.D. More Investments Ltd now owns 20,465 shares of the technology company’s stock worth $173,000 after buying an additional 1,501 shares during the last quarter. Finally, FMR LLC increased its position in SecureWorks by 22.3% during 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 during the period. Institutional investors and hedge funds own 14.38% of the company’s stock.

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.