StockNews.com Begins Coverage on SecureWorks (NASDAQ:SCWX)

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

SecureWorks Price Performance

SCWX stock opened at $8.51 on Tuesday. The business has a 50 day moving average of $8.51 and a 200 day moving average of $8.38. The firm has a market cap of $755.94 million, a PE ratio of -8.60 and a beta of 0.94. SecureWorks has a twelve month low of $5.61 and a twelve month high of $9.76.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. FMR LLC grew its stake 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 acquiring an additional 3,964 shares during the period. Atom Investors LP raised its position in shares of SecureWorks by 14.6% during the 3rd quarter. Atom Investors LP now owns 85,186 shares of the technology company’s stock valued at $754,000 after purchasing an additional 10,823 shares during the period. State Street Corp lifted its position in shares of SecureWorks by 5.5% in the third quarter. State Street Corp now owns 44,227 shares of the technology company’s stock valued at $391,000 after acquiring an additional 2,300 shares in the last quarter. Geode Capital Management LLC lifted its holdings in SecureWorks by 14.1% in the 3rd quarter. Geode Capital Management LLC now owns 160,430 shares of the technology company’s stock worth $1,420,000 after purchasing an additional 19,766 shares in the last quarter. Finally, Y.D. More Investments Ltd boosted its position in shares of 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 last quarter. 14.38% of the stock is 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.