SecureWorks (NASDAQ:SCWX) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of SecureWorks (NASDAQ:SCWX) in a report released on Saturday morning. The brokerage issued a hold rating on the technology company’s stock.

SecureWorks Stock Performance

Shares of SCWX stock opened at $8.51 on Friday. SecureWorks has a one year low of $5.61 and a one year high of $9.76. The company has a 50 day moving average price of $8.48 and a 200 day moving average price of $8.30. The firm has a market capitalization of $755.94 million, a price-to-earnings ratio of -8.60 and a beta of 0.94.

Hedge Funds Weigh In On SecureWorks

A number of large investors have recently modified their holdings of SCWX. Retirement Solution LLC acquired a new stake in SecureWorks in the 4th quarter valued at $85,000. Balyasny Asset Management L.P. acquired a new stake in shares of SecureWorks in the 4th quarter valued at about $103,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of SecureWorks during the 4th quarter valued at about $169,000. Y.D. More Investments Ltd raised its stake in SecureWorks by 7.9% during the fourth 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 period. Finally, FMR LLC lifted its holdings in 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 acquiring an additional 3,964 shares during the last quarter. 14.38% of the stock is currently owned by hedge funds and other institutional investors.

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.