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

StockNews.com assumed coverage on shares of SecureWorks (NASDAQ:SCWX) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the technology company’s stock.

A number of other research analysts have also weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of SecureWorks in a research report on Tuesday, October 22nd. Barclays increased their price objective on shares of SecureWorks from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Friday, September 6th.

SecureWorks Trading Up 0.2 %

Shares of SecureWorks stock opened at $8.47 on Wednesday. The stock has a fifty day simple moving average of $8.38 and a 200 day simple moving average of $7.71. SecureWorks has a 12-month low of $5.61 and a 12-month high of $9.76. The company has a market capitalization of $752.37 million, a P/E ratio of -8.56 and a beta of 1.00.

Institutional Investors Weigh In On SecureWorks

Large investors have recently made changes to their positions in the business. Jaffetilchin Investment Partners LLC purchased a new stake in SecureWorks during the second quarter worth about $127,000. Oppenheimer Asset Management Inc. grew its position in shares of SecureWorks by 107.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company’s stock valued at $267,000 after acquiring an additional 19,735 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of SecureWorks by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 351,763 shares of the technology company’s stock worth $2,462,000 after purchasing an additional 16,327 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of SecureWorks by 22.3% in the 2nd quarter. Renaissance Technologies LLC now owns 181,540 shares of the technology company’s stock worth $1,271,000 after purchasing an additional 33,100 shares during the period. Finally, King Luther Capital Management Corp bought a new stake in shares of SecureWorks in the 2nd quarter worth approximately $411,000. 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.