SecureWorks Corp. (NASDAQ:SCWX) Stock Position Increased by Brooktree Capital Management

Brooktree Capital Management boosted its position in shares of SecureWorks Corp. (NASDAQ:SCWX) by 9.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 174,191 shares of the technology company’s stock after buying an additional 15,680 shares during the quarter. SecureWorks accounts for approximately 1.3% of Brooktree Capital Management’s investment portfolio, making the stock its 19th largest position. Brooktree Capital Management’s holdings in SecureWorks were worth $1,542,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP raised its position in shares of SecureWorks by 11.6% during the second quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock worth $350,000 after purchasing an additional 5,205 shares during the period. First Eagle Investment Management LLC lifted its stake in SecureWorks by 1.5% during the first quarter. First Eagle Investment Management LLC now owns 891,728 shares of the technology company’s stock valued at $5,992,000 after buying an additional 13,551 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of SecureWorks by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 351,763 shares of the technology company’s stock worth $2,462,000 after buying an additional 16,327 shares during the period. Squarepoint Ops LLC purchased a new position in shares of SecureWorks in the second quarter worth approximately $121,000. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in shares of SecureWorks during the second quarter valued at approximately $127,000. 14.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on SCWX shares. StockNews.com started coverage on shares of SecureWorks in a research note on Friday, November 8th. They set a “hold” rating on the stock. Needham & Company LLC reissued a “hold” rating on shares of SecureWorks in a research note on Tuesday, October 22nd. Finally, Barclays raised their price objective on SecureWorks from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th.

SecureWorks Price Performance

SCWX stock opened at $8.37 on Thursday. The company has a 50 day moving average of $8.11 and a two-hundred day moving average of $7.27. SecureWorks Corp. has a 12-month low of $5.61 and a 12-month high of $9.76. The company has a market cap of $743.49 million, a price-to-earnings ratio of -9.85 and a beta of 1.00.

SecureWorks (NASDAQ:SCWX) last released its quarterly earnings data on Thursday, September 5th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $80.98 million. On average, research analysts anticipate that SecureWorks Corp. will post -0.29 EPS for the current year.

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.