Fmr LLC acquired a new stake in SecureWorks Corp. (NASDAQ:SCWX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 738,716 shares of the technology company’s stock, valued at approximately $6,863,000. Fmr LLC owned about 0.91% of SecureWorks Corp. at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of SecureWorks Corp. by 10.9% during the second quarter. Vanguard Group Inc. now owns 869,475 shares of the technology company’s stock valued at $8,078,000 after acquiring an additional 85,627 shares during the last quarter. Horrell Capital Management Inc. raised its stake in shares of SecureWorks Corp. by 46.4% during the second quarter. Horrell Capital Management Inc. now owns 497,000 shares of the technology company’s stock valued at $4,617,000 after acquiring an additional 157,499 shares during the last quarter. Bank of America Corp DE raised its stake in shares of SecureWorks Corp. by 128.7% during the first quarter. Bank of America Corp DE now owns 103,914 shares of the technology company’s stock valued at $987,000 after acquiring an additional 58,478 shares during the last quarter. Blair William & Co. IL raised its stake in shares of SecureWorks Corp. by 172.1% during the second quarter. Blair William & Co. IL now owns 70,726 shares of the technology company’s stock valued at $657,000 after acquiring an additional 44,730 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of SecureWorks Corp. by 13.9% during the second quarter. KBC Group NV now owns 36,064 shares of the technology company’s stock valued at $335,000 after acquiring an additional 4,389 shares during the last quarter. 7.55% of the stock is owned by institutional investors and hedge funds.

SecureWorks Corp. (NASDAQ:SCWX) last posted its quarterly earnings results on Wednesday, September 6th. The technology company reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.01. SecureWorks Corp. had a negative net margin of 8.97% and a negative return on equity of 3.32%. The company had revenue of $116.27 million during the quarter, compared to analyst estimates of $113.75 million. During the same period in the prior year, the business posted ($0.07) EPS. The firm’s revenue was up 11.9% compared to the same quarter last year.

Several equities analysts have recently issued reports on SCWX shares. Barclays PLC downgraded shares of SecureWorks Corp. from an “equal weight” rating to an “underweight” rating and set a $11.00 price target for the company. in a research note on Friday, October 13th. Citigroup Inc. reaffirmed a “neutral” rating and set a $11.00 price target (up previously from $10.00) on shares of SecureWorks Corp. in a research note on Thursday, September 7th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of SecureWorks Corp. in a research note on Thursday, October 12th. Zacks Investment Research downgraded shares of SecureWorks Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Finally, KeyCorp reaffirmed a “buy” rating and set a $15.00 price target on shares of SecureWorks Corp. in a research note on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. SecureWorks Corp. presently has a consensus rating of “Hold” and an average target price of $13.67.

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SecureWorks Corp. 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.

Institutional Ownership by Quarter for SecureWorks Corp. (NASDAQ:SCWX)

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