StockNews.com Begins Coverage on SecureWorks (NASDAQ:SCWX)

StockNews.com assumed coverage on shares of SecureWorks (NASDAQ:SCWX - Get Free Report) in a report released on Thursday. The firm set a "hold" rating on the technology company's stock.Several other research firms have also commented on SCWX. Barclays increased their price objective on shares of SecureWorks from $6.00 to $7.00 and gave the company an "underweight" rating in a research report on Friday, September 6th. Needham & Company LLC reiterated a "hold" rating on shares of SecureWorks in a research report on Tuesday, October 22nd.Read Our Latest Research Report on SecureWorksSecureWorks Price PerformanceShares of SCWX opened at $8.46 on Thursday. The stock has a market capitalization of $751.48 million, a price-to-earnings ratio of -8.55 and a beta of 1.00. SecureWorks has a 1 year low of $5.61 and a 1 year high of $9.76. The business's 50 day simple moving average is $8.40 and its 200-day simple moving average is $7.76. Institutional Inflows and OutflowsSeveral institutional investors and hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC purchased a new stake in shares of SecureWorks in the second quarter valued at $121,000. Jaffetilchin Investment Partners LLC purchased a new stake in SecureWorks in the 2nd quarter worth about $127,000. FMR LLC lifted its stake in SecureWorks by 22.3% in the third quarter. FMR LLC now owns 21,734 shares of the technology company's stock worth $192,000 after purchasing an additional 3,964 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of SecureWorks by 107.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company's stock valued at $267,000 after buying an additional 19,735 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of SecureWorks by 11.6% during the second quarter. Marshall Wace LLP now owns 49,997 shares of the technology company's stock valued at $350,000 after buying an additional 5,205 shares during the last quarter. 14.38% of the stock is owned by hedge funds and other institutional investors. About SecureWorks (Get 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.See AlsoFive stocks we like better than SecureWorksHow to Use the MarketBeat Excel Dividend CalculatorTop 3 Reasons to Invest in This Bond ETF for Stability and Growth3 Stocks to Protect Your Portfolio from the Coronavirus Contagion 2 Drone Stocks Surging from Increased Media Attention How to Invest in Small Cap Stocks Ciena Rebounds: AI and Strong Guidance Drive Post-Earnings SurgeThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ liberals FOOLED by Elon’s shocking surprise (From StocksToTrade) (Ad)Should you invest $1,000 in SecureWorks right now?Before you consider SecureWorks, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SecureWorks wasn't on the list.While SecureWorks currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here