51,506 Shares in SecureWorks Corp. (NASDAQ:SCWX) Purchased by Trexquant Investment LP

Trexquant Investment LP bought a new stake in shares of SecureWorks Corp. (NASDAQ:SCWX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 51,506 shares of the technology company’s stock, valued at approximately $436,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in 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 acquiring an additional 19,766 shares in the last quarter. State Street Corp grew its position in shares of SecureWorks by 5.5% during the 3rd 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 in the last quarter. Empowered Funds LLC bought a new position in shares of SecureWorks in the fourth quarter worth $317,000. FMR LLC raised 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 in the last quarter. Finally, Gardner Lewis Asset Management L P bought a new stake in SecureWorks during the fourth quarter valued at $10,795,000. 14.38% of the stock is currently owned by institutional investors.

SecureWorks Price Performance

Shares of NASDAQ:SCWX opened at $8.51 on Friday. The company’s fifty day moving average price is $8.51 and its 200-day moving average price is $8.42. The firm has a market capitalization of $755.94 million, a price-to-earnings ratio of -8.60 and a beta of 0.94. SecureWorks Corp. has a one year low of $5.61 and a one year high of $9.76.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on SecureWorks in a report on Wednesday. They issued a “hold” rating on the 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.