5 Best Cheap Tech Stocks to Buy According to Mario Gabelli

2. Hewlett Packard Enterprise Company (NYSE: HPE)

Number of Hedge Fund Holders: 27    

Hewlett Packard Enterprise Company (NYSE: HPE) is a Texas-based technology company founded in 1939. It is ranked second on our list of 10 best cheap tech stocks to buy according to Mario Gabelli. The company stock has offered investors returns exceeding 64% in the last twelve months. The hedge fund that Gabelli oversees has more than 1.4 million shares in the firm worth over $23 million, representing 0.2% of their portfolio. GAMCO Investors has trimmed their stake in the famous technology company by over 10% since late last year. 

Hewlett Packard Enterprise Company (NYSE: HPE) posted earnings results for the first quarter of 2021 earlier this month, reporting earnings per share of $0.52 that smashed market predictions by $0.11. The revenue for the first three months of 2021 was $6.8 billion. 

At the end of the first quarter of 2021, 27 hedge funds in the database of Insider Monkey held stakes worth $1 billion in Hewlett Packard Enterprise Company (NYSE: HPE), down from 30 in the previous quarter worth $923 million.