DRW Securities LLC Acquires Shares of 46,000 SecureWorks Corp. (NASDAQ:SCWX)

DRW Securities LLC bought a new position in SecureWorks Corp. (NASDAQ:SCWX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 46,000 shares of the technology company’s stock, valued at approximately $407,000. DRW Securities LLC owned about 0.05% of SecureWorks at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SCWX. Royce & Associates LP raised its position in SecureWorks by 2.5% in the 3rd quarter. Royce & Associates LP now owns 1,324,543 shares of the technology company’s stock worth $11,722,000 after purchasing an additional 32,929 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of SecureWorks by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 351,763 shares of the technology company’s stock valued at $2,462,000 after buying an additional 16,327 shares during the last quarter. Kovack Advisors Inc. raised its holdings in shares of SecureWorks by 12.7% in the third quarter. Kovack Advisors Inc. now owns 327,516 shares of the technology company’s stock worth $2,899,000 after buying an additional 36,816 shares during the period. Scalar Gauge Management LLC lifted its stake in shares of SecureWorks by 18.8% during the 2nd quarter. Scalar Gauge Management LLC now owns 316,137 shares of the technology company’s stock worth $2,213,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in SecureWorks by 22.3% during the 2nd quarter. Renaissance Technologies LLC now owns 181,540 shares of the technology company’s stock valued at $1,271,000 after acquiring an additional 33,100 shares during the period. 14.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SCWX. Barclays increased their target price on SecureWorks from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of SecureWorks in a research note on Tuesday, October 22nd. Finally, StockNews.com started coverage on shares of SecureWorks in a research report on Sunday. They issued a “hold” rating for the company.

SecureWorks Stock Performance

SCWX opened at $8.39 on Wednesday. The stock’s fifty day moving average is $8.21 and its two-hundred day moving average is $7.43. SecureWorks Corp. has a 52 week low of $5.61 and a 52 week high of $9.76.

SecureWorks (NASDAQ:SCWX) last released its quarterly earnings data on Thursday, September 5th. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.05). SecureWorks had a negative net margin of 21.23% and a negative return on equity of 4.94%. The firm had revenue of $82.18 million during the quarter, compared to the consensus estimate of $80.98 million. On average, research analysts anticipate that SecureWorks Corp. will post -0.29 EPS for the current year.

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.