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

Investment analysts at StockNews.com assumed coverage on shares of SecureWorks (NASDAQ:SCWX) in a research report issued on Thursday. The firm set a “hold” rating on the technology company’s stock.

SecureWorks Stock Performance

Shares of SCWX stock opened at $8.51 on Thursday. SecureWorks has a twelve month low of $5.61 and a twelve month high of $9.76. The stock has a market cap of $755.94 million, a price-to-earnings ratio of -8.60 and a beta of 0.94. The company’s 50-day moving average price is $8.51 and its 200-day moving average price is $8.43.

Institutional Trading of SecureWorks

Several institutional investors have recently made changes to their positions in the company. FMR LLC increased its position in shares of SecureWorks by 22.3% during the 3rd quarter. FMR LLC now owns 21,734 shares of the technology company’s stock worth $192,000 after purchasing an additional 3,964 shares during the last quarter. State Street Corp increased its holdings in SecureWorks by 5.5% in 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 during the last quarter. Geode Capital Management LLC raised its position in SecureWorks by 14.1% in the third quarter. Geode Capital Management LLC now owns 160,430 shares of the technology company’s stock valued at $1,420,000 after purchasing an additional 19,766 shares during the period. Y.D. More Investments Ltd lifted 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 purchasing an additional 1,501 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of SecureWorks during the fourth quarter worth $317,000. Hedge funds and other institutional investors 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.