Secureworks (SCWX) Upgraded by BidaskClub to Hold
Secureworks (NASDAQ:SCWX) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.
SCWX has been the subject of a number of other research reports. Royal Bank of Canada reissued a “buy” rating on shares of Secureworks in a report on Tuesday, November 7th. Zacks Investment Research raised shares of Secureworks from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. KeyCorp reissued a “buy” rating and issued a $15.00 target price on shares of Secureworks in a report on Sunday, November 19th. Needham & Company LLC initiated coverage on shares of Secureworks in a report on Tuesday, January 16th. They issued a “hold” rating for the company. Finally, Barclays cut shares of Secureworks from an “equal weight” rating to an “underweight” rating and set a $11.00 target price for the company. in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Secureworks presently has a consensus rating of “Hold” and an average target price of $12.95.
Secureworks (SCWX) opened at $9.69 on Friday. The company has a market cap of $785.64, a PE ratio of -17.30 and a beta of 2.41. Secureworks has a fifty-two week low of $8.10 and a fifty-two week high of $12.99.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Secureworks by 10.9% in 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 during the period. FMR LLC acquired a new position in shares of Secureworks in the second quarter valued at approximately $6,863,000. Horrell Capital Management Inc. increased its stake in shares of Secureworks by 33.0% in the fourth quarter. Horrell Capital Management Inc. now owns 544,073 shares of the technology company’s stock valued at $4,826,000 after buying an additional 135,000 shares during the period. Gagnon Securities LLC acquired a new position in shares of Secureworks in the third quarter valued at approximately $5,109,000. Finally, King Luther Capital Management Corp increased its stake in shares of Secureworks by 354.3% in 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 during the period. 8.19% 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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