Renaissance Technologies LLC Has $534,000 Stock Holdings in Secureworks Corp (NASDAQ:SCWX)

Renaissance Technologies LLC decreased its stake in Secureworks Corp (NASDAQ:SCWX) by 82.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,165 shares of the technology company’s stock after selling 189,200 shares during the period. Renaissance Technologies LLC’s holdings in Secureworks were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SCWX. First Trust Advisors LP acquired a new stake in shares of Secureworks in the first quarter valued at about $3,519,000. Strs Ohio increased its stake in shares of Secureworks by 40.3% in the second quarter. Strs Ohio now owns 42,500 shares of the technology company’s stock valued at $564,000 after buying an additional 12,200 shares during the period. Virginia Retirement Systems ET AL acquired a new stake in shares of Secureworks in the second quarter valued at about $536,000. SG Americas Securities LLC increased its stake in shares of Secureworks by 266.0% in the second quarter. SG Americas Securities LLC now owns 27,269 shares of the technology company’s stock valued at $362,000 after buying an additional 19,819 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Secureworks in the second quarter valued at about $595,000. 9.36% of the stock is owned by institutional investors.

Shares of Secureworks stock opened at $12.62 on Friday. Secureworks Corp has a one year low of $10.37 and a one year high of $24.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50-day moving average is $12.68 and its 200 day moving average is $14.50.

Secureworks (NASDAQ:SCWX) last announced its earnings results on Thursday, September 5th. The technology company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.09. Secureworks had a negative return on equity of 1.61% and a negative net margin of 6.38%. The company had revenue of $136.60 million for the quarter, compared to analyst estimates of $133.02 million. During the same quarter in the prior year, the company earned ($0.01) EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts expect that Secureworks Corp will post -0.3 EPS for the current fiscal year.

Several brokerages have recently weighed in on SCWX. Zacks Investment Research raised Secureworks from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Thursday, September 12th. BidaskClub lowered Secureworks from a “hold” rating to a “sell” rating in a research report on Friday. ValuEngine lowered Secureworks from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. Finally, TheStreet lowered Secureworks from a “c-” rating to a “d+” rating in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $15.08.

About Secureworks

SecureWorks Corp., a cybersecurity company, provides an integrated suite of intelligence-driven information security solutions focused on protecting organizations worldwide. The company's solutions include managed security, threat intelligence, security and risk consulting, and incident response.

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Institutional Ownership by Quarter for Secureworks (NASDAQ:SCWX)

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