15 Best Stocks To Invest In For Retirement

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2. Hewlett Packard Enterprise Company (NYSE:HPE)

Dividend Yield as of February 19: 2.39%

Number of Hedge Fund Holders: 66

Hewlett Packard Enterprise Company (NYSE:HPE) is a technology solutions provider that offers computing infrastructure, networking solutions, cloud services, and financing options. The US Department of Justice is trying to block the company’s $14 billion acquisition of Juniper Networks, arguing that it would hurt competition. According to the DOJ, the deal would give Cisco and HPE dominance over more than 70% of the US networking equipment market. Despite this, both companies have decided to fight the lawsuit, insisting the merger will strengthen their portfolio and make them more competitive on a global scale.

Hewlett Packard Enterprise Company (NYSE:HPE) ended Q4 of fiscal 2024 with $8.5 billion in revenue, marking a 15% increase from last year. Earnings per share came in at $0.58, beating expectations and climbing 12% year-over-year. Free cash flow totaled $1.5 billion, down $821 million from 2023. HPE also gave back $219 million to shareholders through dividends and stock buybacks. The quarterly dividend per share of $0.13 was paid on January 16, 2025.

Among the hedge funds tracked by Insider Monkey in the fourth quarter, 66 funds reported owning stakes in Hewlett Packard Enterprise Company (NYSE:HPE), compared to 64 funds in the last quarter. Slate Path Capital was the largest stakeholder of the company, with 12.6 million shares worth $271 million.

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