First Eagle Investment Management LLC Lowers Stock Holdings in SecureWorks Corp. (NASDAQ:SCWX)

First Eagle Investment Management LLC lowered its holdings in SecureWorks Corp. (NASDAQ:SCWX) by 40.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 496,899 shares of the technology company’s stock after selling 335,870 shares during the period. First Eagle Investment Management LLC owned 0.56% of SecureWorks worth $4,204,000 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 grew its position 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 valued at $173,000 after acquiring an additional 1,501 shares during the period. State Street Corp grew its position in SecureWorks by 5.5% during 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 during the period. FMR LLC grew its position in SecureWorks by 22.3% during 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. Retirement Solution LLC purchased a new stake in SecureWorks during the fourth quarter valued at about $85,000. Finally, Atom Investors LP grew its position in SecureWorks by 14.6% during the third quarter. Atom Investors LP now owns 85,186 shares of the technology company’s stock valued at $754,000 after acquiring an additional 10,823 shares during the period. Hedge funds and other institutional investors own 14.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on SecureWorks in a research report on Sunday. They set a “hold” rating for the company.

SecureWorks Price Performance

Shares of SCWX opened at $8.51 on Friday. The stock’s 50-day moving average is $8.49 and its two-hundred day moving average is $8.33. The stock has a market cap of $755.94 million, a PE ratio of -8.60 and a beta of 0.94. SecureWorks Corp. has a 12 month low of $5.61 and a 12 month high of $9.76.

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.