Fri Sep 20 13:42:14 UTC 2024: ## SecureWorks Stock Opens Higher Following Analyst Upgrades
**New York, NY** – Shares of SecureWorks Corp. (SCWX) opened trading on Wednesday at $8.14, a significant jump from its previous closing price of $7.85. The stock has since settled to $7.95, with 3,180 shares exchanging hands.
This upward movement follows recent positive analyst sentiment. Barclays upgraded their price objective on SecureWorks to $7.00 from $6.00, while maintaining an “underweight” rating. Needham & Company LLC also reaffirmed their “hold” rating on the stock.
Several institutional investors have also adjusted their holdings of SCWX. First Eagle Investment Management LLC, Horrell Capital Management Inc., Dimensional Fund Advisors LP, Scalar Gauge Management LLC, and Palogic Value Management L.P. all increased their stakes in the company during recent quarters. Overall, institutional investors now own 14.38% of SecureWorks’ stock.
SecureWorks provides cybersecurity solutions, including software-as-a-service, managed security services, and professional services, to customers worldwide.
First Piper 