Vanguard Group Inc. grew its holdings in SecureWorks Corp. (NASDAQ:SCWX) by 9.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 783,848 shares of the technology company’s stock after buying an additional 68,479 shares during the quarter. Vanguard Group Inc. owned about 0.97% of SecureWorks Corp. worth $7,447,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of SCWX. Bank of New York Mellon Corp raised its holdings in SecureWorks Corp. by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 21,098 shares of the technology company’s stock worth $201,000 after purchasing an additional 423 shares during the last quarter. Parametric Portfolio Associates LLC acquired a new position in shares of SecureWorks Corp. in the first quarter worth $147,000. Trexquant Investment LP raised its holdings in shares of SecureWorks Corp. by 158.1% in the first quarter. Trexquant Investment LP now owns 35,100 shares of the technology company’s stock worth $333,000 after acquiring an additional 21,501 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of SecureWorks Corp. in the first quarter worth $4,076,000. Finally, KBC Group NV raised its holdings in shares of SecureWorks Corp. by 188.0% in the first quarter. KBC Group NV now owns 31,675 shares of the technology company’s stock worth $301,000 after acquiring an additional 20,675 shares during the last quarter. 7.66% of the stock is owned by hedge funds and other institutional investors.
SecureWorks Corp. (NASDAQ SCWX) traded up 0.35% during trading on Wednesday, reaching $11.40. 32,542 shares of the company’s stock traded hands. The firm’s market cap is $924.24 million. The firm has a 50 day moving average price of $11.16 and a 200-day moving average price of $10.53. SecureWorks Corp. has a 12 month low of $10.15 and a 12 month high of $13.45.
SecureWorks Corp. (NASDAQ:SCWX) last posted its earnings results on Wednesday, September 6th. The technology company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.01. The firm had revenue of $116.27 million during the quarter, compared to the consensus estimate of $113.75 million. SecureWorks Corp. had a negative net margin of 8.97% and a negative return on equity of 3.32%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.07) earnings per share. On average, analysts forecast that SecureWorks Corp. will post ($0.31) earnings per share for the current fiscal year.
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A number of brokerages have recently commented on SCWX. UBS AG reissued a “neutral” rating and set a $11.00 price target (down previously from $12.00) on shares of SecureWorks Corp. in a research report on Friday, June 9th. Zacks Investment Research upgraded SecureWorks Corp. from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Citigroup Inc. reiterated a “neutral” rating and issued a $11.00 price target (up previously from $10.00) on shares of SecureWorks Corp. in a research note on Thursday, September 7th. Finally, Barclays PLC reissued a “hold” rating and issued a $11.00 price objective on shares of SecureWorks Corp. in a report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $13.50.
SecureWorks Corp. 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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