Gardner Lewis Asset Management L P Invests $10.80 Million in SecureWorks Corp. (NASDAQ:SCWX)

Gardner Lewis Asset Management L P purchased a new position in shares of SecureWorks Corp. (NASDAQ:SCWX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,276,021 shares of the technology company’s stock, valued at approximately $10,795,000. SecureWorks comprises approximately 2.6% of Gardner Lewis Asset Management L P’s portfolio, making the stock its 13th largest holding. Gardner Lewis Asset Management L P owned about 1.44% of SecureWorks at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SCWX. Alpine Associates Management Inc. bought a new position in SecureWorks in the 4th quarter worth about $5,273,000. Alberta Investment Management Corp bought a new position in SecureWorks in the fourth quarter worth approximately $5,076,000. Scalar Gauge Management LLC increased its holdings in SecureWorks by 16.4% during the 3rd quarter. Scalar Gauge Management LLC now owns 368,006 shares of the technology company’s stock worth $3,257,000 after purchasing an additional 51,869 shares during the period. Geode Capital Management LLC raised its position in SecureWorks by 14.1% during the 3rd quarter. Geode Capital Management LLC now owns 160,430 shares of the technology company’s stock valued at $1,420,000 after purchasing an additional 19,766 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of SecureWorks by 845,578.6% in the 4th quarter. JPMorgan Chase & Co. now owns 118,395 shares of the technology company’s stock worth $1,002,000 after buying an additional 118,381 shares during the period. Institutional investors own 14.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on SecureWorks in a research note on Monday. They set a “hold” rating on the stock.

SecureWorks Price Performance

Shares of SCWX stock opened at $8.51 on Friday. The firm has a market cap of $755.94 million, a price-to-earnings ratio of -8.60 and a beta of 0.94. SecureWorks Corp. has a 52-week low of $5.61 and a 52-week high of $9.76. The company’s 50 day moving average is $8.50 and its 200 day moving average is $8.36.

About SecureWorks

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.