20 hours Ago By ABMN Staff
Empowered Funds LLC bought a new stake in shares of SecureWorks Corp. ( NASDAQ:SCWX – Free Report ) in the fourth quarter, Holdings Channel.com reports.
The fund bought 37,479 shares of the technology company’s stock, valued at approximately $317,000. Several other hedge funds have also recently added to or reduced their stakes in the company. Y.
D. More Investments Ltd grew its stake in SecureWorks by 7.9% during the fourth quarter.
Y.D. More Investments Ltd now owns 20,465 shares of the technology company’s stock worth $173,000 after purchasing an additional 1,501 shares during the period.
FMR LLC increased its position in shares of SecureWorks by 22.3% during the third quarter. FMR LLC now owns 21,734 shares of the technology company’s stock worth $192,000 after acquiring an additional 3,964 shares in the last quarter.
State Street Corp raised its stake in shares of SecureWorks by 5.5% in the third quarter. State Street Corp now owns 44,227 shares of the technology company’s stock worth $391,000 after purchasing an additional 2,300 shares during the last quarter.
DRW Securities LLC purchased a new stake in SecureWorks in the 3rd quarter valued at $407,000. Finally, Brown Brothers Harriman & Co. purchased a new position in SecureWorks during the third quarter worth about $442,000.
Institutional investors own 14.38% of the company’s stock. Wall Street Analysts Forecast Growth Separately, StockNews.
com initiated coverage on SecureWorks in a research note on Thursday. They issued a “hold” rating for the company. SecureWorks Price Performance SCWX opened at $8.
51 on Friday. The firm has a 50-day moving average price of $8.47 and a 200-day moving average price of $8.
18. The company has a market capitalization of $755.94 million, a price-to-earnings ratio of -8.
60 and a beta of 0.94. SecureWorks Corp.
has a twelve month low of $5.61 and a twelve month high of $9.76.
SecureWorks ( NASDAQ:SCWX – Get Free Report ) last announced its quarterly earnings results on Wednesday, December 4th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.
10) by ($0.03). SecureWorks had a negative return on equity of 5.
71% and a negative net margin of 25.49%. On average, sell-side analysts expect that SecureWorks Corp.
will post -0.29 earnings per share for the current fiscal year. About SecureWorks ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding SCWX? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for SecureWorks Corp. ( NASDAQ:SCWX – Free Report ). Receive News & Ratings for SecureWorks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SecureWorks and related companies with MarketBeat.
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