Horrell Capital Management Inc. Decreases Stake in SecureWorks Corp. (NASDAQ:SCWX)

Horrell Capital Management Inc. cut its position in SecureWorks Corp. (NASDAQ:SCWX) by 47.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 306,731 shares of the technology company’s stock after selling 276,147 shares during the period. Horrell Capital Management Inc. owned 0.35% of SecureWorks worth $2,595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Y.D. More Investments Ltd lifted 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 worth $173,000 after purchasing an additional 1,501 shares during the last quarter. State Street Corp raised its holdings in SecureWorks by 5.5% during the third quarter. State Street Corp now owns 44,227 shares of the technology company’s stock worth $391,000 after purchasing an additional 2,300 shares in the last quarter. FMR LLC lifted its position in shares of SecureWorks by 22.3% during the 3rd quarter. FMR LLC now owns 21,734 shares of the technology company’s stock worth $192,000 after buying an additional 3,964 shares during the last quarter. Retirement Solution LLC acquired a new position in shares of SecureWorks in the 4th quarter valued at $85,000. Finally, Atom Investors LP grew its position in shares of SecureWorks by 14.6% in the 3rd quarter. Atom Investors LP now owns 85,186 shares of the technology company’s stock valued at $754,000 after buying an additional 10,823 shares during the last quarter. 14.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of SecureWorks in a research report on Monday. They issued a “hold” rating for the company.

SecureWorks Price Performance

NASDAQ:SCWX opened at $8.51 on Monday. SecureWorks Corp. has a 52-week low of $5.61 and a 52-week high of $9.76. The stock’s 50 day moving average price is $8.49 and its 200 day moving average price is $8.35. The company has a market capitalization of $755.94 million, a PE ratio of -8.60 and a beta of 0.94.

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.