Cove Street Capital LLC Sells 200,233 Shares of SecureWorks Corp. (NASDAQ:SCWX)

Cove Street Capital LLC cut its stake in SecureWorks Corp. (NASDAQ:SCWX) by 82.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,602 shares of the technology company’s stock after selling 200,233 shares during the quarter. Cove Street Capital LLC’s holdings in SecureWorks were worth $369,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCWX. Retirement Solution LLC purchased a new stake in shares of SecureWorks in the fourth quarter worth about $85,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in SecureWorks during the 4th quarter valued at about $169,000. Y.D. More Investments Ltd increased its holdings in SecureWorks by 7.9% during the 4th 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 period. FMR LLC increased its position in SecureWorks by 22.3% during the 3rd quarter. FMR LLC now owns 21,734 shares of the technology company’s stock valued at $192,000 after purchasing an additional 3,964 shares during the period. Finally, Virtu Financial LLC purchased a new stake in SecureWorks during the fourth quarter worth $302,000. Hedge funds and other institutional investors own 14.38% of the company’s stock.

SecureWorks Stock Performance

Shares of NASDAQ SCWX opened at $8.51 on Friday. The company has a 50-day moving average of $8.50 and a 200 day moving average of $8.37. The stock has a market cap of $755.94 million, a PE ratio of -8.60 and a beta of 0.94. SecureWorks Corp. has a 12-month low of $5.61 and a 12-month high of $9.76.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on SecureWorks in a research note on Monday, March 24th. They set a “hold” rating on the stock.

SecureWorks 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.