Secureworks (NASDAQ:SCWX) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised Secureworks from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a report on Tuesday, December 12th. Royal Bank of Canada reissued a “buy” rating on shares of Secureworks in a report on Friday, December 8th. KeyCorp reissued a “buy” rating and issued a $13.00 price target on shares of Secureworks in a report on Thursday, December 7th. Needham & Company LLC started coverage on Secureworks in a research note on Tuesday, January 16th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. lowered Secureworks from an “overweight” rating to a “neutral” rating and set a $12.00 target price for the company. in a research note on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.95.
Secureworks (NASDAQ:SCWX) opened at $9.69 on Friday. Secureworks has a 1-year low of $8.10 and a 1-year high of $12.99. The firm has a market capitalization of $737.80, a price-to-earnings ratio of -17.30 and a beta of 2.41.
A number of institutional investors have recently added to or reduced their stakes in SCWX. SG Americas Securities LLC acquired a new position in Secureworks in the third quarter valued at $111,000. Teachers Advisors LLC increased 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 purchasing an additional 3,135 shares during the last quarter. JPMorgan Chase & Co. increased 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 purchasing an additional 1,022 shares during the last quarter. California State Teachers Retirement System increased 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 purchasing an additional 1,900 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Secureworks in the third quarter valued at $158,000. Hedge funds and other institutional investors own 8.19% of the company’s stock.
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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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