Marshall Wace North America L.P. Invests $1.27 Million in Secureworks Corp (NASDAQ:SCWX)

Marshall Wace North America L.P. purchased a new position in shares of Secureworks Corp (NASDAQ:SCWX) during the fourth quarter, HoldingsChannel reports. The firm purchased 76,069 shares of the technology company’s stock, valued at approximately $1,267,000.

Several other large investors have also modified their holdings of SCWX. First Trust Advisors LP acquired a new position in shares of Secureworks during the first quarter worth $3,519,000. California Public Employees Retirement System lifted its holdings in shares of Secureworks by 5.8% during the third quarter. California Public Employees Retirement System now owns 36,500 shares of the technology company’s stock worth $472,000 after purchasing an additional 2,000 shares during the period. State Street Corp lifted its holdings in shares of Secureworks by 0.9% during the third quarter. State Street Corp now owns 150,987 shares of the technology company’s stock worth $1,952,000 after purchasing an additional 1,282 shares during the period. Millennium Management LLC lifted its holdings in shares of Secureworks by 1,276.0% during the third quarter. Millennium Management LLC now owns 114,069 shares of the technology company’s stock worth $1,474,000 after purchasing an additional 123,769 shares during the period. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of Secureworks during the fourth quarter worth $224,000. Institutional investors own 9.47% of the company’s stock.

Several equities analysts recently issued reports on SCWX shares. Goldman Sachs Group upgraded shares of Secureworks from a “sell” rating to a “neutral” rating and dropped their target price for the company from $13.00 to $10.00 in a report on Friday, March 20th. Needham & Company LLC reiterated a “hold” rating on shares of Secureworks in a report on Monday, December 9th. TheStreet raised Secureworks from a “d+” rating to a “c-” rating in a research report on Wednesday, January 15th. Royal Bank of Canada reissued a “hold” rating and issued a $12.00 price objective on shares of Secureworks in a research note on Wednesday, March 18th. Finally, BidaskClub upgraded Secureworks from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Secureworks currently has an average rating of “Hold” and a consensus price target of $13.00.

NASDAQ:SCWX opened at $11.09 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.04. Secureworks Corp has a twelve month low of $5.29 and a twelve month high of $20.62. The company has a fifty day moving average of $13.37 and a 200-day moving average of $13.68. The firm has a market capitalization of $939.01 million, a P/E ratio of -23.10 and a beta of 1.27.

Secureworks Company Profile

SecureWorks Corp., a cybersecurity company, provides an integrated suite of intelligence-driven information security solutions focused on protecting organizations worldwide. The company's solutions include managed security, threat intelligence, security and risk consulting, and incident response.

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Institutional Ownership by Quarter for Secureworks (NASDAQ:SCWX)

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