SecureWorks (SCWX) Downgraded by J P Morgan Chase & Co
SecureWorks (NASDAQ:SCWX) was downgraded by J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, The Fly reports.
A number of other research firms have also weighed in on SCWX. Zacks Investment Research raised SecureWorks from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. KeyCorp reaffirmed a “buy” rating and set a $15.00 price objective on shares of SecureWorks in a research report on Sunday, November 19th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of SecureWorks in a research report on Tuesday, November 7th. Citigroup reaffirmed a “neutral” rating and set a $11.00 price objective (up previously from $10.00) on shares of SecureWorks in a research report on Thursday, September 7th. Finally, Barclays lowered SecureWorks from an “equal weight” rating to an “underweight” rating and set a $11.00 price objective on the stock. in a research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.67.
SecureWorks (NASDAQ:SCWX) traded up $0.09 during trading on Wednesday, hitting $9.04. The stock had a trading volume of 134,524 shares, compared to its average volume of 101,714. SecureWorks has a 1-year low of $8.25 and a 1-year high of $12.99.
Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of SecureWorks during the third quarter worth $111,000. Teachers Advisors LLC boosted its stake in SecureWorks by 32.2% in the second quarter. Teachers Advisors LLC now owns 12,872 shares of the technology company’s stock valued at $120,000 after acquiring an additional 3,135 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in SecureWorks by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 13,844 shares of the technology company’s stock valued at $129,000 after acquiring an additional 1,022 shares in the last quarter. California State Teachers Retirement System boosted its stake in SecureWorks by 15.3% in the second quarter. California State Teachers Retirement System now owns 14,314 shares of the technology company’s stock valued at $133,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in SecureWorks in the first quarter valued at $133,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.
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SecureWorks Company Profile
Secureworks Corp. is a holding company. The Company provides intelligence-driven information security solutions. The Company is focused on protecting the Company’s clients from cyber-attacks. The Company’s solutions enable companies to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond to security incidents, and predict emerging threats.
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