J P Morgan Chase & Co reaffirmed their buy rating on shares of SecureWorks Corp. (NASDAQ:SCWX) in a research report released on Thursday.

Other equities research analysts also recently issued reports about the stock. KeyCorp reiterated a buy rating and set a $15.00 price objective on shares of SecureWorks Corp. in a research note on Friday, October 6th. Zacks Investment Research upgraded shares of SecureWorks Corp. from a sell rating to a hold rating in a research note on Wednesday, August 9th. Citigroup Inc. reiterated a neutral rating and set a $11.00 price objective (up from $10.00) on shares of SecureWorks Corp. in a research note on Thursday, September 7th. Finally, Royal Bank Of Canada reiterated an outperform rating and set a $15.00 price objective (up from $13.00) on shares of SecureWorks Corp. in a research note on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $13.70.

SecureWorks Corp. (SCWX) opened at 11.31 on Thursday. SecureWorks Corp. has a one year low of $10.10 and a one year high of $12.99. The stock’s market capitalization is $916.95 million. The company has a 50-day moving average of $12.17 and a 200-day moving average of $12.17.

SecureWorks Corp. (NASDAQ:SCWX) last announced its earnings results on Wednesday, September 6th. The technology company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $113.75 million. During the same period last year, the firm earned ($0.07) earnings per share. SecureWorks Corp.’s revenue was up 11.9% compared to the same quarter last year. On average, equities analysts forecast that SecureWorks Corp. will post ($0.30) EPS for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Teachers Advisors LLC raised its holdings in shares of SecureWorks Corp. by 32.2% during the second quarter. Teachers Advisors LLC now owns 12,872 shares of the technology company’s stock worth $120,000 after purchasing an additional 3,135 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SecureWorks Corp. by 8.0% during the second quarter. JPMorgan Chase & Co. now owns 13,844 shares of the technology company’s stock worth $129,000 after purchasing an additional 1,022 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of SecureWorks Corp. during the first quarter worth $133,000. California State Teachers Retirement System raised its holdings in shares of SecureWorks Corp. by 15.3% during the second quarter. California State Teachers Retirement System now owns 14,314 shares of the technology company’s stock worth $133,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in shares of SecureWorks Corp. during the first quarter worth $147,000. Institutional investors and hedge funds own 7.66% of the company’s stock.

About SecureWorks Corp.

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.

Analyst Recommendations for SecureWorks Corp. (NASDAQ:SCWX)

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