ABC Arbitrage SA Purchases Shares of 63,218 SecureWorks Corp. (NASDAQ:SCWX)

ABC Arbitrage SA purchased a new stake in shares of SecureWorks Corp. (NASDAQ:SCWX) in the 4th quarter, HoldingsChannel reports. The firm purchased 63,218 shares of the technology company’s stock, valued at approximately $535,000.

Several other institutional investors have also added to or reduced their stakes in SCWX. Gladius Capital Management LP bought a new position in shares of SecureWorks during the third quarter valued at about $463,000. Scalar Gauge Management LLC raised its stake in shares of SecureWorks by 16.4% during the third quarter. Scalar Gauge Management LLC now owns 368,006 shares of the technology company’s stock valued at $3,257,000 after acquiring an additional 51,869 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of SecureWorks during the third quarter valued at about $442,000. DRW Securities LLC bought a new position in shares of SecureWorks during the third quarter valued at about $407,000. Finally, Empowered Funds LLC bought a new position in shares of SecureWorks during the fourth quarter valued at about $317,000. 14.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on SCWX shares. StockNews.com started coverage on shares of SecureWorks in a research note on Wednesday. They set a “hold” rating for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of SecureWorks in a research note on Tuesday, October 22nd.

SecureWorks Price Performance

SCWX stock opened at $8.51 on Friday. SecureWorks Corp. has a 1 year low of $5.61 and a 1 year high of $9.76. The company has a market cap of $755.94 million, a P/E ratio of -8.60 and a beta of 0.94. The firm has a 50-day moving average of $8.47 and a 200 day moving average of $8.17.

SecureWorks (NASDAQ:SCWX) last released its quarterly earnings results on Wednesday, December 4th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). SecureWorks had a negative return on equity of 5.71% and a negative net margin of 25.49%. On average, equities research analysts expect that SecureWorks Corp. will post -0.29 earnings per share for the current fiscal 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.