Several equities analysts recently issued reports on SecureWorks Corp. (NASDAQ:SCWX). Morgan Stanley and Barclays both lowered the company’s price target, while StockNews.com upgraded it. SecureWorks Corp. is a cyber security company that provides information security solutions and services. The company’s products include extended detection and response, managed detection and response, and vulnerability management, while its services include managed security, incident response, threat intelligence, security consulting, and adversarial security testing. Neil Gagnon, a major shareholder of SecureWorks, has recently purchased shares of the company’s stock in multiple transactions. Furthermore, institutional investors and hedge funds have also shown interest in SecureWorks. Lastly, Wall Street analysts are forecasting growth for SecureWorks Corp., making the stock an attractive investment option.
Neil Gagnon, a major shareholder of SecureWorks Corp. (NASDAQ:SCWX), has recently purchased shares of the company’s stock in multiple transactions. On March 22nd, Gagnon purchased 19,892 shares, and on March 20th, he bought 17,865 shares at an average price of $7.65 per share, totaling $136,667.25. On March 16th, he purchased 9,786 shares at an average price of $7.70 per share, totaling $75,352.20. Lastly, on February 8th, Gagnon purchased 8,654 shares at an average price of $8.71 per share, totaling $75,376.34.
NASDAQ SCWX opened at $8.23 on March 26th, and the company’s 50-day moving average is $7.82, while the 200-day moving average is $7.51. Over the past year, SecureWorks Corp.’s stock has fluctuated between a low of $5.28 and a high of $14.02.
Institutional investors and hedge funds have also shown interest in SecureWorks. UBS Group AG increased its position in the company by 74.4% during the fourth quarter, while Natixis acquired a new position in SecureWorks during the same period. Russell Investments Group Ltd. increased its position in the company by 48.3% during the fourth quarter, and Bank of America Corp DE increased its position by 111.8% during the same period. Finally, State of Wisconsin Investment Board acquired a new position in SecureWorks during the fourth quarter. Institutional investors and hedge funds now own 10.41% of the company’s stock.
Wall Street analysts are forecasting growth for SecureWorks Corp., making the stock an attractive investment option.
Several equities analysts recently issued reports on SecureWorks Corp. (NASDAQ:SCWX). Morgan Stanley lowered the company’s price target from $12.00 to $9.00 and gave an “equal weight” rating on the stock. Similarly, Barclays dropped the price target from $9.00 to $8.00 and assigned an “underweight” rating. On the other hand, StockNews.com upgraded SecureWorks from a “sell” rating to a “hold” rating.
SecureWorks Corp. is a cyber security company that offers information security solutions and services. Its products include extended detection and response, managed detection and response, and vulnerability management. Its services include managed security, incident response, threat intelligence, security consulting, and adversarial security testing.
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