SecureWorks (NASDAQ:SCWX) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of SecureWorks (NASDAQ:SCWX) in a report released on Monday. The brokerage set a “hold” rating on the technology company’s stock.

SecureWorks Stock Performance

Shares of NASDAQ:SCWX opened at $8.51 on Monday. SecureWorks has a twelve month low of $5.61 and a twelve month high of $9.76. The company has a market cap of $755.94 million, a PE ratio of -8.60 and a beta of 0.94. The company’s 50 day moving average is $8.50 and its 200 day moving average is $8.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of SecureWorks by 37.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,754 shares of the technology company’s stock valued at $555,000 after buying an additional 17,077 shares during the last quarter. DRW Securities LLC acquired a new stake in SecureWorks during the third quarter worth about $407,000. Brown Brothers Harriman & Co. purchased a new position in SecureWorks during the third quarter valued at approximately $442,000. 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 valued at $192,000 after acquiring an additional 3,964 shares during the period. Finally, Scalar Gauge Management LLC boosted its position in SecureWorks by 16.4% in the 3rd quarter. Scalar Gauge Management LLC now owns 368,006 shares of the technology company’s stock worth $3,257,000 after purchasing an additional 51,869 shares in the last quarter. 14.38% of the stock is currently owned by institutional investors and hedge funds.

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.