Needham & Company LLC initiated coverage on shares of Secureworks (NASDAQ:SCWX) in a report published on Tuesday, MarketBeat.com reports. The brokerage issued a hold rating on the technology company’s stock.
SCWX has been the subject of a number of other reports. Royal Bank of Canada reissued a buy rating on shares of Secureworks in a report on Tuesday, November 7th. BidaskClub downgraded shares of Secureworks from a hold rating to a sell rating in a report on Friday, December 22nd. Zacks Investment Research downgraded shares of Secureworks from a hold rating to a sell rating in a report on Thursday, October 5th. JPMorgan Chase & Co. reissued a buy rating on shares of Secureworks in a report on Thursday, October 12th. Finally, KeyCorp reissued a buy rating and issued a $15.00 price target on shares of Secureworks in a report on Friday, October 6th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $12.95.
Shares of Secureworks (NASDAQ:SCWX) traded up $0.32 during midday trading on Tuesday, reaching $9.51. 33,491 shares of the company’s stock were exchanged, compared to its average volume of 43,872. Secureworks has a 52 week low of $8.10 and a 52 week high of $12.99. The firm has a market cap of $757.26, a P/E ratio of -16.98 and a beta of 2.38.
A number of hedge funds have recently bought and sold shares of SCWX. FMR LLC purchased a new stake in Secureworks during the second quarter valued at about $6,863,000. Gagnon Securities LLC purchased a new stake in Secureworks during the third quarter valued at about $5,109,000. Vanguard Group Inc. lifted its stake in Secureworks by 10.9% during the second quarter. Vanguard Group Inc. now owns 869,475 shares of the technology company’s stock valued at $8,078,000 after buying an additional 85,627 shares in the last quarter. King Luther Capital Management Corp lifted its stake in Secureworks by 354.3% during the third quarter. King Luther Capital Management Corp now owns 99,940 shares of the technology company’s stock valued at $1,234,000 after buying an additional 77,940 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Secureworks during the second quarter valued at about $225,000. 7.96% of the stock is owned by institutional investors.
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Secureworks Company Profile
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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