46,000 Shares in SecureWorks Corp. (NASDAQ:SCWX) Acquired by DRW Securities LLC

DRW Securities LLC bought a new stake in shares of SecureWorks Corp. (NASDAQ:SCWX) in the third quarter, Holdings Channel.com reports. The institutional investor bought 46,000 shares of the technology company’s stock, valued at approximately $407,000.

Other institutional investors also recently bought and sold shares of the company. Squarepoint Ops LLC acquired a new position in shares of SecureWorks during the second quarter worth $121,000. Jaffetilchin Investment Partners LLC acquired a new position in SecureWorks during the 2nd quarter valued at about $127,000. Oppenheimer Asset Management Inc. raised its stake in SecureWorks by 107.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company’s stock valued at $267,000 after buying an additional 19,735 shares during the last quarter. Marshall Wace LLP raised its stake in SecureWorks by 11.6% in the second quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock valued at $350,000 after buying an additional 5,205 shares during the last quarter. Finally, King Luther Capital Management Corp acquired a new stake in SecureWorks in the second quarter worth about $411,000. 14.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SCWX has been the subject of several research analyst reports. Barclays increased their price objective on shares of SecureWorks from $6.00 to $7.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. StockNews.com assumed coverage on shares of SecureWorks in a report on Sunday. They issued a “hold” rating for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of SecureWorks in a research note on Tuesday, October 22nd.

SecureWorks Stock Performance

Shares of NASDAQ:SCWX opened at $8.39 on Wednesday. SecureWorks Corp. has a 52-week low of $5.61 and a 52-week high of $9.76. The business has a 50-day moving average price of $8.21 and a 200-day moving average price of $7.43.

SecureWorks (NASDAQ:SCWX) last announced its quarterly earnings data on Thursday, September 5th. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The business had revenue of $82.18 million for the quarter, compared to analyst estimates of $80.98 million. SecureWorks had a negative net margin of 21.23% and a negative return on equity of 4.94%. Analysts forecast that SecureWorks Corp. will post -0.29 EPS for the current year.

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.