SecureWorks (NASDAQ:SCWX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of SecureWorks (NASDAQ:SCWX) in a research note released on Saturday. The firm issued a hold rating on the technology company’s stock.

SecureWorks Price Performance

SCWX stock opened at $8.51 on Friday. The company has a market cap of $755.94 million, a price-to-earnings ratio of -8.60 and a beta of 0.94. SecureWorks has a 12-month low of $5.61 and a 12-month high of $9.76. The company has a 50 day moving average of $8.48 and a two-hundred day moving average of $8.30.

Hedge Funds Weigh In On SecureWorks

A number of institutional investors have recently modified their holdings of the company. Retirement Solution LLC acquired a new stake in SecureWorks in the 4th quarter valued at approximately $85,000. Balyasny Asset Management L.P. bought a new stake in SecureWorks in the fourth quarter valued at about $103,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of SecureWorks in the 4th quarter worth approximately $169,000. Y.D. More Investments Ltd lifted its holdings in shares of 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 acquiring an additional 1,501 shares during the period. Finally, FMR LLC boosted its position in SecureWorks by 22.3% in the third quarter. FMR LLC now owns 21,734 shares of the technology company’s stock valued at $192,000 after buying an additional 3,964 shares in the last quarter. Institutional investors own 14.38% of the company’s stock.

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.