Y.D. More Investments Ltd Acquires 6,134 Shares of SecureWorks Corp. (NASDAQ:SCWX)

Y.D. More Investments Ltd lifted its holdings in shares of SecureWorks Corp. (NASDAQ:SCWX) by 32.6% in the 4th quarter, HoldingsChannel reports. The fund owned 24,963 shares of the technology company’s stock after purchasing an additional 6,134 shares during the period. Y.D. More Investments Ltd’s holdings in SecureWorks were worth $184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCWX. Citigroup Inc. increased its position in shares of SecureWorks by 95.3% during the third quarter. Citigroup Inc. now owns 9,700 shares of the technology company’s stock worth $60,000 after acquiring an additional 4,734 shares in the last quarter. Quadrature Capital Ltd increased its position in shares of SecureWorks by 56.6% during the third quarter. Quadrature Capital Ltd now owns 25,377 shares of the technology company’s stock worth $158,000 after acquiring an additional 9,175 shares in the last quarter. Kovack Advisors Inc. increased its position in shares of SecureWorks by 114.6% during the fourth quarter. Kovack Advisors Inc. now owns 133,500 shares of the technology company’s stock worth $985,000 after acquiring an additional 71,300 shares in the last quarter. Brooktree Capital Management increased its position in shares of SecureWorks by 4.8% during the third quarter. Brooktree Capital Management now owns 170,420 shares of the technology company’s stock worth $1,058,000 after acquiring an additional 7,861 shares in the last quarter. Finally, Horrell Capital Management Inc. grew its position 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 in the last quarter. 14.38% of the stock is owned by institutional investors.

SecureWorks Stock Down 0.2 %

Shares of SCWX stock opened at $6.08 on Thursday. SecureWorks Corp. has a 52-week low of $5.40 and a 52-week high of $9.24. The company has a 50-day simple moving average of $6.25 and a two-hundred day simple moving average of $6.38.

SecureWorks (NASDAQ:SCWX) last issued its quarterly earnings data on Thursday, March 14th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.13. The business had revenue of $89.15 million during the quarter, compared to the consensus estimate of $87.24 million. SecureWorks had a negative net margin of 23.52% and a negative return on equity of 9.56%. Equities research analysts predict that SecureWorks Corp. will post -0.25 earnings per share for the current year.

Insider Buying and Selling at SecureWorks

In related news, major shareholder Neil Gagnon bought 5,731 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were purchased at an average cost of $6.72 per share, for a total transaction of $38,512.32. Following the completion of the purchase, the insider now directly owns 597,149 shares in the company, valued at $4,012,841.28. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 83.10% of the company’s stock.

SecureWorks 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.