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

StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX) in a research note released on Monday. The firm issued a hold rating on the technology company’s stock.

SecureWorks Stock Performance

Shares of SCWX opened at $8.51 on Monday. The company’s fifty day moving average is $8.51 and its 200 day moving average is $8.47. SecureWorks has a fifty-two week low of $5.65 and a fifty-two week high of $9.76. The stock has a market capitalization of $755.94 million, a PE ratio of -8.60 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Y.D. More Investments Ltd lifted its position in shares of 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 buying an additional 1,501 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of SecureWorks by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 165,469 shares of the technology company’s stock valued at $1,401,000 after buying an additional 5,039 shares during the last quarter. Retirement Solution LLC purchased a new stake in shares of SecureWorks during the fourth quarter valued at about $85,000. Balyasny Asset Management L.P. purchased a new stake in shares of SecureWorks during the fourth quarter valued at about $103,000. Finally, Northern Trust Corp lifted its position in shares of SecureWorks by 30.4% during the fourth quarter. Northern Trust Corp now owns 72,663 shares of the technology company’s stock valued at $615,000 after buying an additional 16,920 shares during the last quarter. Institutional investors own 14.38% of the company’s stock.

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.