Cove Street Capital LLC Raises Holdings in SecureWorks Corp. (NASDAQ:SCWX)

Cove Street Capital LLC lifted its position in SecureWorks Corp. (NASDAQ:SCWXFree Report) by 16.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 667,567 shares of the technology company’s stock after buying an additional 96,394 shares during the period. SecureWorks makes up about 1.3% of Cove Street Capital LLC’s investment portfolio, making the stock its 29th biggest position. Cove Street Capital LLC owned approximately 0.77% of SecureWorks worth $3,979,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooktree Capital Management boosted its stake in shares of SecureWorks by 4.8% in the 3rd quarter. Brooktree Capital Management now owns 170,420 shares of the technology company’s stock worth $1,058,000 after buying an additional 7,861 shares during the last quarter. Horrell Capital Management Inc. lifted its position in SecureWorks by 44.6% during the third quarter. Horrell Capital Management Inc. now owns 615,554 shares of the technology company’s stock valued at $3,823,000 after purchasing an additional 190,000 shares in the last quarter. First Eagle Investment Management LLC lifted its position in SecureWorks by 19.2% during the third quarter. First Eagle Investment Management LLC now owns 843,133 shares of the technology company’s stock valued at $5,236,000 after purchasing an additional 135,589 shares in the last quarter. Y.D. More Investments Ltd lifted its position in SecureWorks by 38.2% during the third quarter. Y.D. More Investments Ltd now owns 18,829 shares of the technology company’s stock valued at $113,000 after purchasing an additional 5,207 shares in the last quarter. Finally, Gagnon Advisors LLC lifted its position in SecureWorks by 5.0% during the second quarter. Gagnon Advisors LLC now owns 744,444 shares of the technology company’s stock valued at $5,382,000 after purchasing an additional 35,450 shares in the last quarter. 10.21% of the stock is currently owned by hedge funds and other institutional investors.

SecureWorks Trading Down 3.3 %

NASDAQ SCWX traded down $0.23 on Monday, hitting $6.78. 17,674 shares of the company traded hands, compared to its average volume of 28,480. The business’s 50 day moving average price is $6.76 and its 200-day moving average price is $6.44. The company has a market capitalization of $585.32 million, a price-to-earnings ratio of -4.93 and a beta of 0.99. SecureWorks Corp. has a 52-week low of $5.40 and a 52-week high of $10.06.

SecureWorks (NASDAQ:SCWXGet Free Report) last posted its quarterly earnings results on Thursday, December 7th. The technology company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.08. The business had revenue of $89.36 million for the quarter, compared to analysts’ expectations of $87.98 million. SecureWorks had a negative return on equity of 13.09% and a negative net margin of 30.04%. As a group, sell-side analysts predict that SecureWorks Corp. will post -0.64 earnings per share for the current year.

Insider Buying and Selling at SecureWorks

In other news, major shareholder Neil Gagnon bought 5,000 shares of SecureWorks stock in a transaction dated Tuesday, January 30th. The shares were purchased at an average cost of $6.80 per share, with a total value of $34,000.00. Following the completion of the acquisition, the insider now owns 590,194 shares of the company’s stock, valued at approximately $4,013,319.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 13,649 shares of company stock valued at $89,259 over the last ninety days. 83.10% of the stock is currently owned by company insiders.

SecureWorks Company Profile

(Free Report)

SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions, managed security services, and professional services, including incident response and adversarial services.

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Institutional Ownership by Quarter for SecureWorks (NASDAQ:SCWX)

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