SecureWorks (NASDAQ:SCWX) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX) in a research report released on Sunday morning. The brokerage issued a hold rating on the technology company’s stock.

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of SecureWorks in a report on Tuesday, October 22nd.

SecureWorks Price Performance

Shares of SCWX opened at $8.44 on Friday. The firm has a market capitalization of $749.71 million, a PE ratio of -8.53 and a beta of 0.94. SecureWorks has a 1-year low of $5.61 and a 1-year high of $9.76. The company’s fifty day moving average price is $8.43 and its 200-day moving average price is $8.02.

SecureWorks (NASDAQ:SCWX) last announced its quarterly earnings data on Wednesday, December 4th. The technology company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). SecureWorks had a negative net margin of 25.49% and a negative return on equity of 5.71%. As a group, research analysts anticipate that SecureWorks will post -0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SCWX. Oppenheimer Asset Management Inc. raised its position in shares of SecureWorks by 107.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company’s stock worth $267,000 after acquiring an additional 19,735 shares during the period. Dimensional Fund Advisors LP raised its position in shares of SecureWorks by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 351,763 shares of the technology company’s stock worth $2,462,000 after purchasing an additional 16,327 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of SecureWorks by 22.3% during the 2nd quarter. Renaissance Technologies LLC now owns 181,540 shares of the technology company’s stock worth $1,271,000 after purchasing an additional 33,100 shares during the last quarter. King Luther Capital Management Corp acquired a new position in shares of SecureWorks during the 2nd quarter worth about $411,000. Finally, Marshall Wace LLP raised its position in shares of SecureWorks by 11.6% during the 2nd quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock worth $350,000 after purchasing an additional 5,205 shares during the last quarter. Institutional investors and hedge funds own 14.38% of the company’s stock.

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.