Citigroup Inc. reiterated their neutral rating on shares of SecureWorks Corp. (NASDAQ:SCWX) in a report issued on Thursday morning. The brokerage currently has a $11.00 price target on the technology company’s stock, up from their previous price target of $10.00.

A number of other equities research analysts have also weighed in on SCWX. UBS AG reissued a neutral rating and issued a $11.00 target price (down previously from $12.00) on shares of SecureWorks Corp. in a research note on Friday, June 9th. Zacks Investment Research upgraded SecureWorks Corp. from a sell rating to a hold rating in a report on Wednesday, August 9th. Finally, Barclays PLC restated a hold rating and set a $11.00 price target on shares of SecureWorks Corp. in a report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. SecureWorks Corp. has a consensus rating of Hold and a consensus price target of $13.50.

Shares of SecureWorks Corp. (NASDAQ:SCWX) traded up 0.7026% during midday trading on Thursday, hitting $11.1075. The stock had a trading volume of 52,368 shares. The firm’s 50-day moving average price is $10.63 and its 200-day moving average price is $10.16. The stock’s market cap is $900.52 million. SecureWorks Corp. has a 1-year low of $8.25 and a 1-year high of $14.01.

SecureWorks Corp. (NASDAQ:SCWX) last released its earnings results on Wednesday, September 6th. The technology company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. SecureWorks Corp. had a negative return on equity of 3.30% and a negative net margin of 8.97%. The company had revenue of $116.27 million during the quarter, compared to analyst estimates of $113.75 million. During the same quarter in the previous year, the company posted ($0.07) EPS. SecureWorks Corp.’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts forecast that SecureWorks Corp. will post ($0.31) earnings per share for the current year.

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A number of large investors have recently made changes to their positions in the stock. California State Teachers Retirement System increased its holdings in SecureWorks Corp. by 15.3% during the 2nd quarter. California State Teachers Retirement System now owns 14,314 shares of the technology company’s stock valued at $133,000 after purchasing an additional 1,900 shares during the period. State Street Corp increased its holdings in SecureWorks Corp. by 13.6% during the 2nd quarter. State Street Corp now owns 78,624 shares of the technology company’s stock valued at $731,000 after purchasing an additional 9,417 shares during the period. Dimensional Fund Advisors LP purchased a new position in SecureWorks Corp. during the 2nd quarter valued at about $174,000. FMR LLC purchased a new position in SecureWorks Corp. during the 2nd quarter valued at about $6,863,000. Finally, Vanguard Group Inc. increased its holdings in SecureWorks Corp. by 10.9% during the 2nd quarter. Vanguard Group Inc. now owns 869,475 shares of the technology company’s stock valued at $8,078,000 after purchasing an additional 85,627 shares during the period. Institutional investors own 7.66% of the company’s stock.

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.

Analyst Recommendations for SecureWorks Corp. (NASDAQ:SCWX)

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