Stone Ridge Asset Management LLC purchased a new stake in shares of SecureWorks Corp (NASDAQ:SCWX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,460 shares of the technology company’s stock, valued at approximately $199,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in SecureWorks during the third quarter valued at about $111,000. California State Teachers Retirement System boosted its position in SecureWorks by 15.3% during the second quarter. California State Teachers Retirement System now owns 14,314 shares of the technology company’s stock valued at $133,000 after buying an additional 1,900 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in SecureWorks during the third quarter valued at about $158,000. Deutsche Bank AG boosted its position in SecureWorks by 156.9% during the fourth quarter. Deutsche Bank AG now owns 19,307 shares of the technology company’s stock valued at $171,000 after buying an additional 11,791 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new stake in SecureWorks during the second quarter valued at about $174,000. Institutional investors and hedge funds own 7.60% of the company’s stock.
Several analysts have issued reports on SCWX shares. BidaskClub lowered shares of SecureWorks from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. Royal Bank of Canada restated a “buy” rating on shares of SecureWorks in a research report on Friday, December 8th. Needham & Company LLC started coverage on shares of SecureWorks in a research report on Tuesday, January 16th. They set a “hold” rating for the company. Zacks Investment Research lowered shares of SecureWorks from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. Finally, Stifel Nicolaus lowered shares of SecureWorks from a “buy” rating to a “hold” rating and cut their price target for the company from $14.00 to $9.00 in a research report on Thursday, March 29th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. SecureWorks has an average rating of “Hold” and an average target price of $11.44.
Shares of NASDAQ:SCWX opened at $8.00 on Friday. The stock has a market cap of $670.51, a PE ratio of -17.78 and a beta of 1.90. SecureWorks Corp has a 12 month low of $7.83 and a 12 month high of $12.99.
SecureWorks (NASDAQ:SCWX) last issued its quarterly earnings data on Wednesday, March 28th. The technology company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). The firm had revenue of $120.65 million for the quarter, compared to the consensus estimate of $117.71 million. SecureWorks had a negative net margin of 6.00% and a negative return on equity of 5.37%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted ($0.02) earnings per share. sell-side analysts predict that SecureWorks Corp will post -0.33 EPS for the current year.
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SecureWorks Company Profile
SecureWorks Corp. provides intelligence-driven information security solutions focused on protecting organizations from cyber-attacks. Its solutions enable organizations to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond rapidly to security breaches, and predict emerging threats.
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