SecureWorks Corp. (NASDAQ:SCWX) Position Boosted by Kovack Advisors Inc.

Kovack Advisors Inc. lifted its position in SecureWorks Corp. (NASDAQ:SCWX) by 114.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 133,500 shares of the technology company’s stock after buying an additional 71,300 shares during the quarter. Kovack Advisors Inc.’s holdings in SecureWorks were worth $985,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. First Eagle Investment Management LLC grew its stake in shares of SecureWorks by 19.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 843,133 shares of the technology company’s stock valued at $5,236,000 after buying an additional 135,589 shares in the last quarter. Cove Street Capital LLC lifted its holdings in SecureWorks by 16.9% in the 3rd quarter. Cove Street Capital LLC now owns 667,567 shares of the technology company’s stock worth $3,979,000 after purchasing an additional 96,394 shares during the last quarter. Horrell Capital Management Inc. lifted its holdings in SecureWorks by 44.6% in the 3rd quarter. Horrell Capital Management Inc. now owns 615,554 shares of the technology company’s stock worth $3,823,000 after purchasing an additional 190,000 shares during the last quarter. Brooktree Capital Management lifted its holdings in SecureWorks by 4.8% in the 3rd quarter. Brooktree Capital Management now owns 170,420 shares of the technology company’s stock worth $1,058,000 after purchasing an additional 7,861 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its holdings in SecureWorks by 56.6% in the 3rd quarter. Quadrature Capital Ltd now owns 25,377 shares of the technology company’s stock worth $158,000 after purchasing an additional 9,175 shares during the last quarter. Institutional investors own 14.38% of the company’s stock.

SecureWorks Stock Up 1.7 %

SCWX traded up $0.10 on Friday, hitting $6.00. The company had a trading volume of 7,659 shares, compared to its average volume of 23,873. The company’s fifty day moving average price is $6.31 and its 200 day moving average price is $6.37. SecureWorks Corp. has a 1-year low of $5.40 and a 1-year high of $9.50.

SecureWorks (NASDAQ:SCWX) last posted its earnings results on Thursday, March 14th. The technology company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.13. SecureWorks had a negative return on equity of 9.56% and a negative net margin of 23.52%. Research analysts forecast that SecureWorks Corp. will post -0.25 EPS for the current year.

Insider Transactions at SecureWorks

In other SecureWorks news, major shareholder Neil Gagnon purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was bought at an average cost of $6.80 per share, for a total transaction of $34,000.00. Following the completion of the acquisition, the insider now directly owns 590,194 shares in the company, valued at $4,013,319.20. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders acquired a total of 24,584 shares of company stock worth $155,536 over the last three months. 83.10% of the stock is currently owned by insiders.

SecureWorks Company Profile

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.