SecureWorks (NASDAQ:SCWX) Coverage Initiated at StockNews.com

Analysts at StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX) in a research note issued to investors on Friday. The firm set a “hold” rating on the technology company’s stock.

SecureWorks Price Performance

Shares of NASDAQ SCWX opened at $8.51 on Friday. The stock has a market cap of $755.94 million, a PE ratio of -8.60 and a beta of 0.94. SecureWorks has a 1 year low of $5.65 and a 1 year high of $9.76. The firm has a fifty day moving average price of $8.51 and a 200-day moving average price of $8.45.

Institutional Investors Weigh In On SecureWorks

Institutional investors and hedge funds have recently bought and sold shares of the business. Retirement Solution LLC purchased a new position in SecureWorks in the 4th quarter worth approximately $85,000. Balyasny Asset Management L.P. purchased a new position in shares of SecureWorks in the fourth quarter worth $103,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of SecureWorks during the fourth quarter worth $169,000. Y.D. More Investments Ltd grew its stake 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 in the last quarter. Finally, Algert Global LLC bought a new stake in SecureWorks in the 4th quarter valued at $226,000. 14.38% of the stock is owned by institutional investors.

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.