SecureWorks Corp. (NASDAQ:SCWX) has been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $13.11.
SCWX has been the topic of a number of analyst reports. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of SecureWorks in a report on Thursday, October 12th. KeyCorp reaffirmed a “buy” rating and issued a $15.00 price objective on shares of SecureWorks in a report on Friday, October 6th. Royal Bank of Canada reaffirmed a “buy” rating on shares of SecureWorks in a report on Tuesday, November 7th. Zacks Investment Research raised SecureWorks from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a report on Tuesday, December 12th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $11.00 price objective (up previously from $10.00) on shares of SecureWorks in a report on Thursday, September 7th.
Shares of SecureWorks (SCWX) traded up $0.33 during mid-day trading on Thursday, reaching $10.08. The company had a trading volume of 423,135 shares, compared to its average volume of 125,873. SecureWorks has a 1 year low of $8.10 and a 1 year high of $12.99.
Large investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of SecureWorks during the 3rd quarter worth approximately $111,000. Teachers Advisors LLC boosted its stake in shares of SecureWorks by 32.2% during the 2nd quarter. Teachers Advisors LLC now owns 12,872 shares of the technology company’s stock worth $120,000 after acquiring an additional 3,135 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of SecureWorks by 8.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,844 shares of the technology company’s stock worth $129,000 after acquiring an additional 1,022 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of SecureWorks by 15.3% during the 2nd quarter. California State Teachers Retirement System now owns 14,314 shares of the technology company’s stock worth $133,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of SecureWorks during the 1st quarter worth approximately $133,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.
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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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