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

StockNews.com assumed coverage on shares of SecureWorks (NASDAQ:SCWX) in a research note issued on Monday. The brokerage set a “hold” rating on the technology company’s stock.

SecureWorks Stock Performance

NASDAQ SCWX opened at $8.51 on Monday. SecureWorks has a one year low of $5.65 and a one year high of $9.76. The stock has a 50-day moving average of $8.51 and a 200 day moving average of $8.47. The company has a market capitalization of $755.94 million, a price-to-earnings ratio of -8.60 and a beta of 0.94.

Institutional Trading of SecureWorks

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCWX. Y.D. More Investments Ltd increased its stake in SecureWorks by 7.9% in the 4th quarter. Y.D. More Investments Ltd now owns 20,465 shares of the technology company’s stock worth $173,000 after acquiring an additional 1,501 shares during the last quarter. Geode Capital Management LLC increased its stake in SecureWorks by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 165,469 shares of the technology company’s stock worth $1,401,000 after acquiring an additional 5,039 shares during the last quarter. Retirement Solution LLC bought a new stake in SecureWorks in the 4th quarter worth approximately $85,000. Balyasny Asset Management L.P. bought a new stake in SecureWorks in the 4th quarter worth approximately $103,000. Finally, Northern Trust Corp increased its stake in SecureWorks by 30.4% in the 4th quarter. Northern Trust Corp now owns 72,663 shares of the technology company’s stock worth $615,000 after acquiring an additional 16,920 shares during the last quarter. Institutional investors own 14.38% of the company’s stock.

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.