15,523 Shares in SecureWorks Corp. (SCWX) Acquired by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC purchased a new stake in SecureWorks Corp. (NASDAQ:SCWX) during the first quarter, Holdings Channel reports. The fund purchased 15,523 shares of the technology company’s stock, valued at approximately $147,000.
Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in SecureWorks Corp. by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 21,098 shares of the technology company’s stock valued at $201,000 after buying an additional 423 shares during the period. Norges Bank bought a new stake in SecureWorks Corp. during the fourth quarter valued at approximately $993,000. Stoneridge Investment Partners LLC boosted its stake 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 period. Finally, Horrell Capital Management Inc. boosted its stake 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 period. Institutional investors and hedge funds own 59.54% of the company’s stock.
Shares of SecureWorks Corp. (NASDAQ SCWX) opened at 10.84 on Wednesday. The firm has a 50-day moving average price of $10.18 and a 200 day moving average price of $10.18. The firm’s market cap is $878.83 million. SecureWorks Corp. has a 12-month low of $8.25 and a 12-month high of $15.80.
SecureWorks Corp. (NASDAQ:SCWX) last posted its quarterly earnings data on Tuesday, June 6th. The technology company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.02. SecureWorks Corp. had a negative return on equity of 3.82% and a negative net margin of 9.21%. The firm had revenue of $113.70 million during the quarter, compared to the consensus estimate of $110.70 million. During the same period in the prior year, the firm posted ($0.09) EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. On average, equities research analysts anticipate that SecureWorks Corp. will post ($0.32) earnings per share for the current fiscal year.
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Several equities research analysts have recently commented on the company. UBS AG restated a “neutral” rating and set a $11.00 price target (down previously from $12.00) on shares of SecureWorks Corp. in a research note on Friday, June 9th. Zacks Investment Research upgraded SecureWorks Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Barclays PLC restated a “hold” rating and set a $11.00 price target on shares of SecureWorks Corp. in a research note on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $13.90.
SecureWorks Corp. 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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