CastleKnight Management LP Has $1.46 Million Stock Holdings in DXC Technology (NYSE:DXC)

CastleKnight Management LP decreased its stake in shares of DXC Technology (NYSE:DXC - Free Report) by 40.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 73,000 shares of the company's stock after selling 50,000 shares during the quarter. CastleKnight Management LP's holdings in DXC Technology were worth $1,459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DXC. Captrust Financial Advisors increased its position in DXC Technology by 27.4% in the 4th quarter. Captrust Financial Advisors now owns 19,911 shares of the company's stock valued at $398,000 after buying an additional 4,279 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of DXC Technology by 83.2% during the fourth quarter. BNP Paribas Financial Markets now owns 23,464 shares of the company's stock worth $469,000 after acquiring an additional 10,657 shares in the last quarter. Algert Global LLC increased its position in shares of DXC Technology by 332.8% during the fourth quarter. Algert Global LLC now owns 305,625 shares of the company's stock worth $6,106,000 after acquiring an additional 235,015 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in DXC Technology by 30.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 326,586 shares of the company's stock valued at $6,525,000 after acquiring an additional 76,836 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in DXC Technology by 43.8% during the 4th quarter. AQR Capital Management LLC now owns 1,943,649 shares of the company's stock worth $38,834,000 after purchasing an additional 591,841 shares in the last quarter. 96.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DXC has been the subject of several analyst reports. Susquehanna lowered their target price on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Morgan Stanley raised their target price on DXC Technology from $20.00 to $22.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $20.29.

DXC Technology Stock Performance

Shares of DXC opened at $15.89 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of -37.82, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18. DXC Technology has a 52-week low of $13.44 and a 52-week high of $24.83. The stock's 50-day simple moving average is $16.27 and its 200 day simple moving average is $19.32.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.23. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. Research analysts forecast that DXC Technology will post 3.35 EPS for the current fiscal year.

DXC Technology Profile

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).

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