DXC Technology (NYSE:DXC) Shares Acquired by Brooktree Capital Management

Brooktree Capital Management lifted its stake in shares of DXC Technology (NYSE:DXC) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,663 shares of the company’s stock after purchasing an additional 2,912 shares during the period. DXC Technology comprises 1.4% of Brooktree Capital Management’s investment portfolio, making the stock its 17th biggest position. Brooktree Capital Management owned about 0.05% of DXC Technology worth $1,911,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. raised its holdings in shares of DXC Technology by 4.7% during the third quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock valued at $417,915,000 after acquiring an additional 899,510 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of DXC Technology by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,930,963 shares of the company’s stock worth $38,581,000 after purchasing an additional 64,867 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of DXC Technology by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 877,399 shares of the company’s stock worth $17,530,000 after buying an additional 25,573 shares in the last quarter. JPMorgan Chase & Co. boosted its position in DXC Technology by 1.3% during the third quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company’s stock worth $17,081,000 after acquiring an additional 10,922 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in DXC Technology by 4,893.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock worth $13,378,000 after acquiring an additional 656,167 shares during the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Morgan Stanley raised their target price on shares of DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $21.38.

DXC Technology Stock Up 0.6 %

Shares of NYSE DXC opened at $17.39 on Tuesday. DXC Technology has a 1 year low of $14.79 and a 1 year high of $24.83. The company has a market capitalization of $3.15 billion, a P/E ratio of -41.40, a P/E/G ratio of 1.16 and a beta of 1.62. The company has a 50 day simple moving average of $19.90 and a 200-day simple moving average of $20.60. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34.

DXC Technology (NYSE:DXC) last posted its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. On average, equities research analysts predict that DXC Technology will post 3.35 earnings per share for the current year.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).