Bank of New York Mellon Corp raised its stake in SecureWorks Corp. (NASDAQ:SCWX) by 2.0% during the first quarter, Holdings Channel reports. The fund owned 21,098 shares of the technology company’s stock after buying an additional 423 shares during the period. Bank of New York Mellon Corp’s holdings in SecureWorks Corp. were worth $201,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of SCWX. Norges Bank acquired a new position in SecureWorks Corp. during the fourth quarter valued at $993,000. Stoneridge Investment Partners LLC increased its position in SecureWorks Corp. by 46.0% in the first quarter. Stoneridge Investment Partners LLC now owns 104,032 shares of the technology company’s stock valued at $988,000 after buying an additional 32,801 shares during the last quarter. Finally, Horrell Capital Management Inc. increased its position in SecureWorks Corp. by 123.4% in the first quarter. Horrell Capital Management Inc. now owns 339,501 shares of the technology company’s stock valued at $3,225,000 after buying an additional 187,501 shares during the last quarter. Hedge funds and other institutional investors own 59.54% of the company’s stock.
SecureWorks Corp. (SCWX) opened at 10.65 on Thursday. The company’s 50-day moving average is $10.31 and its 200 day moving average is $10.17. SecureWorks Corp. has a 52 week low of $8.25 and a 52 week high of $15.80. The stock’s market cap is $863.43 million.
SecureWorks Corp. (NASDAQ:SCWX) last released its quarterly earnings data on Tuesday, June 6th. The technology company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by $0.02. The firm had revenue of $113.70 million during the quarter, compared to the consensus estimate of $110.70 million. SecureWorks Corp. had a negative net margin of 9.21% and a negative return on equity of 3.82%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. On average, analysts expect that SecureWorks Corp. will post ($0.32) earnings per share for the current fiscal year.
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Several equities analysts have recently weighed in on SCWX shares. Barclays PLC reiterated a “hold” rating and issued a $11.00 target price on shares of SecureWorks Corp. in a research note on Wednesday, June 7th. Zacks Investment Research upgraded shares of SecureWorks Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, UBS AG reiterated a “neutral” rating and issued a $11.00 target price (down previously from $12.00) on shares of SecureWorks Corp. in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. SecureWorks Corp. presently has a consensus rating of “Hold” and a consensus target price of $13.90.
About SecureWorks Corp.
Secureworks Corp. is a holding company. The Company provides intelligence-driven information security solutions. The Company is focused on protecting the Company’s clients from cyber-attacks. The Company’s solutions enable companies to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond to security incidents, and predict emerging threats.
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