Wolverine Asset Management LLC Takes $680,000 Position in SecureWorks Corp. (NASDAQ:SCWX)

Wolverine Asset Management LLC acquired a new stake in shares of SecureWorks Corp. (NASDAQ:SCWX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 80,322 shares of the technology company’s stock, valued at approximately $680,000. Wolverine Asset Management LLC owned 0.09% of SecureWorks as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCWX. Y.D. More Investments Ltd increased its stake in shares of SecureWorks by 7.9% in the fourth quarter. Y.D. More Investments Ltd now owns 20,465 shares of the technology company’s stock worth $173,000 after buying an additional 1,501 shares during the last quarter. FMR LLC increased 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 buying an additional 3,964 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of SecureWorks in the fourth quarter worth $317,000. State Street Corp increased its stake 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 worth $391,000 after buying an additional 2,300 shares during the last quarter. Finally, DRW Securities LLC bought a new stake in shares of SecureWorks in the third quarter worth $407,000. Institutional investors own 14.38% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of SecureWorks in a research note on Thursday. They issued a “hold” rating for the company.

SecureWorks Price Performance

SCWX stock opened at $8.51 on Friday. SecureWorks Corp. has a 1-year low of $5.61 and a 1-year high of $9.76. The firm has a fifty day moving average price of $8.47 and a two-hundred day moving average price of $8.20. The firm has a market cap of $755.94 million, a price-to-earnings ratio of -8.60 and a beta of 0.94.

SecureWorks (NASDAQ:SCWX) last released its earnings results on Wednesday, December 4th. The technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.03). SecureWorks had a negative net margin of 25.49% and a negative return on equity of 5.71%. As a group, analysts expect that SecureWorks Corp. will post -0.29 EPS for the current fiscal year.

SecureWorks 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.