In a research report that was published on Saturday, StockNews.com changed their recommendation for SecureWorks (NASDAQ: SCWX) from a “sell” rating to a “hold” rating.
SCWX has been referenced in a variety of other publications throughout its history.
Morgan Stanley decreased their price objective for SecureWorks from $12.00 to $9.00 and accorded the company an “equal weight” rating in a research report published on Friday, December 2nd.
Barclays has lowered their price target for SecureWorks shares from $9.00 to $8.00, and the announcement was made in a research note published on Friday.
In addition, the brokerage firm assigned the stock an ” underweight ” rating.
NASDAQ: SCWX began trading at an opening price of $8.23 on Friday.
The company has a price-to-earnings ratio of -8.31, a beta value of 0.98, and a market capitalization of $696.67 million.
The price of SecureWorks has fluctuated throughout the past year, reaching a low of $5.28 and a high of $14.02 in that time.
The stock’s moving average over the past 50 days comes in at $7.82, and the price’s moving average over the past 200 days comes in at $7.52.
According to additional information about this topic, Neil Gagnon, a significant shareholder in the company, purchased 9,786 shares of the company’s stock on Thursday, March 16th.
The number of shares was purchased at an average price of $7.70 each, resulting in a total cost of $75,352.20 for the stock acquisition. Following the completion of the transaction, the insider now directly owns 600,516 shares of the company, which have an aggregate value of $4,623,973.20.
A legal file submitted to the Securities and Exchange Commission (SEC) made the transaction public.
The legal file, which may be on the SEC’s website, details the transaction.
Insiders have spent a combined total of $449,118 over the past three months to purchase 56,197 shares of stock in the company, bringing the total number of shares purchased to a total of 56,197.
To the tune of 85.30 percent, the corporation is owned by its employees and other insiders.
In the most recent few months, several hedge funds and other types of institutional investors have adjusted how they are currently invested within the company. Compared to the previous quarter, UBS Group AG finished the fourth quarter by improving its position in SecureWorks by 74.4%. UBS Group AG now has a total of 4,312 shares of the stock of the technology business, which has a value of $28,000.
This is an increase of 1,839 shares from the previous quarter’s acquisitions, bringing the total number of shares owned by the company to 4,312.
During the final three months of 2018, Natixis had the opportunity to acquire an additional investment in SecureWorks, estimated to be worth approximately $33,000. Over the past three months, Russell Investments Group Ltd has amassed an additional 48.3% of the shares outstanding in SecureWorks. Russell Investments Group Ltd now has a total of 8,390 shares of the technology company’s stock, which has a market value of $54,000.
This is because the company purchased an additional 2,731 shares during the preceding quarter.
Bank of America Corporation (DE) increased the percentage of SecureWorks in which it has a stake by 111.8% during the fourth quarter.
Bank of America Corp. (DE) now has 9,928 shares of the technology business thanks to the acquisition of an additional 5,241 shares during the preceding quarter.
The shares have a value of $63,000 and comprise the company’s technology business holdings.
During the third quarter, Allspring Global Investments Holdings LLC saw an increase of 81.4% in the amount of SecureWorks stock it owned, making this the last and most important point.
Allspring Global Investments Holdings LLC currently owns 10,622 shares held by the technology company.
This figure was arrived at after purchasing an additional 4,766 shares during the preceding quarter.
The price these shares are currently fetching on the market is $85,000.
Institutional investors own 10.41% of the company’s shares.
A company specializing in information security and offering solutions for cyber security is called SecureWorks Corp.
This company provides various services, including extended detection and response, managed detection and response, and vulnerability management.
This particular business provides various security-related services, including managed security, incident response, threat intelligence, security consulting, and adversarial security testing.