5 Stocks Under $50 to Buy Now

3. Hewlett Packard Enterprise Company (NYSE:HPE)

Number of Hedge Fund Holders: 36

Hewlett Packard Enterprise Company (NYSE:HPE) ranks #3 on our list of 10 Stocks Under $50 to Buy Now given 36 hedge funds we track owned shares of the company at the end of the third quarter. Hewlett Packard Enterprise Company (NYSE:HPE) is an enterprise tech company that provides solutions to allow customers to process data more efficiently. The company also offers computer servers and communications equipment. Although its shares initially fell after its IPO in 2015, Hewlett Packard Enterprise Company (NYSE:HPE) is around 50% higher and the stock has rallied 5.83% year to date. In Q4, the company reported adjusted EPS of $0.57 on sales of $7.9 billion versus the consensus of $0.56 on revenues of $7.42 billion. For FY23, Hewlett Packard Enterprise Company (NYSE:HPE) sees EPS of $1.96-$2.04 versus the consensus of $2.03.