First Analysis upgraded shares of SecureWorks (NASDAQ:SCWX) from an equal weight rating to an overweight rating in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have $12.00 price objective on the technology company’s stock.
SCWX has been the subject of several other research reports. Needham & Company LLC assumed coverage on shares of SecureWorks in a research report on Tuesday, January 16th. They set a hold rating for the company. ValuEngine raised shares of SecureWorks from a sell rating to a hold rating in a research report on Thursday, April 12th. Zacks Investment Research lowered shares of SecureWorks from a hold rating to a sell rating in a research report on Wednesday, April 4th. BidaskClub lowered shares of SecureWorks from a hold rating to a sell rating in a research report on Thursday, February 22nd. Finally, Stifel Nicolaus lowered shares of SecureWorks from a buy rating to a hold rating and reduced their price target for the company from $14.00 to $9.00 in a research report on Thursday, March 29th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. SecureWorks presently has a consensus rating of Hold and a consensus target price of $11.50.
NASDAQ SCWX opened at $10.08 on Friday. SecureWorks has a 52 week low of $7.83 and a 52 week high of $12.99. The stock has a market cap of $814.45, a PE ratio of -22.40 and a beta of 1.91.
A number of institutional investors have recently added to or reduced their stakes in SCWX. Horrell Capital Management Inc. increased its holdings in SecureWorks by 33.0% in the 4th quarter. Horrell Capital Management Inc. now owns 544,073 shares of the technology company’s stock worth $4,826,000 after acquiring an additional 135,000 shares in the last quarter. Masters Capital Management LLC increased its holdings in SecureWorks by 8.1% in the 4th quarter. Masters Capital Management LLC now owns 1,000,000 shares of the technology company’s stock worth $8,870,000 after acquiring an additional 75,000 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in SecureWorks in the 4th quarter worth approximately $528,000. Renaissance Technologies LLC increased its holdings in SecureWorks by 51.5% in the 4th quarter. Renaissance Technologies LLC now owns 172,900 shares of the technology company’s stock worth $1,534,000 after acquiring an additional 58,800 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in SecureWorks in the 4th quarter worth approximately $371,000. 7.53% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: This article was first posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://www.chaffeybreeze.com/2018/04/17/secureworks-scwx-upgraded-by-first-analysis-to-overweight.html.
SecureWorks Corp. provides intelligence-driven information security solutions focused on protecting organizations from cyber-attacks. Its solutions enable organizations to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond rapidly to security breaches, and predict emerging threats.
Receive News & Ratings for SecureWorks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SecureWorks and related companies with MarketBeat.com's FREE daily email newsletter.