BlackRock Inc. increased its position in DXC Technology Co. by 21.5% during the second quarter. A recent SEC 13F filing detailed this change.
The asset manager purchased an additional 4.99 million shares. Its total holdings now exceed 28.27 million shares.
BlackRock now owns 17.70% of DXC Technology. This stake carried an approximate value of $250.25 million as of the filing date.
Analysts have been adjusting price targets for DXC Technology following recent earnings reports. Separately, an analysis piece explored how DXC's new AI-native workplace platform could reframe its turnaround efforts for investors.