StockNews.com initiated coverage on shares of SecureWorks (NASDAQ:SCWX – Free Report) in a research report released on Sunday. The firm issued a hold rating on the technology company’s stock.
SecureWorks Stock Performance
SCWX stock opened at $8.51 on Friday. The firm has a 50 day moving average of $8.49 and a 200-day moving average of $8.33. SecureWorks has a 12 month low of $5.61 and a 12 month high of $9.76. The firm has a market capitalization of $755.94 million, a P/E ratio of -8.60 and a beta of 0.94.
Institutional Investors Weigh In On SecureWorks
Hedge funds have recently bought and sold shares of the stock. Retirement Solution LLC bought a new stake in SecureWorks during the fourth quarter valued at approximately $85,000. Balyasny Asset Management L.P. bought a new stake in SecureWorks during the fourth quarter valued at approximately $103,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in SecureWorks during the fourth quarter valued at approximately $169,000. Y.D. More Investments Ltd lifted its position 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 valued at $173,000 after purchasing an additional 1,501 shares during the last quarter. Finally, FMR LLC lifted its position in SecureWorks by 22.3% during the third 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 last quarter. 14.38% of the stock is currently owned by institutional investors.
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.
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