In this article, we discuss 5 best value stocks to buy in 2022 according to Richard Pzena. If you want to see more value stocks from his 2022 portfolio, click 10 Best Value Stocks to Buy in 2022 According to Richard Pzena.
5. Hewlett Packard Enterprise Company (NYSE:HPE)
Number of Hedge Fund Holders: 35
P/E Ratio as of May 20: 5.08
Hewlett Packard Enterprise Company (NYSE:HPE) was founded in 1939 and is headquartered in Houston, Texas. The company offers multi-workload computing and workload-optimized servers to customers in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Richard Pzena invested in Hewlett Packard Enterprise Company (NYSE:HPE) back in the fourth quarter of 2015, and in Q1 2022, he held a stake in the company worth about $628 million.
On May 20, BofA analyst Wamsi Mohan downgraded Hewlett Packard Enterprise Company (NYSE:HPE) to Neutral from Buy, slashing the price target to $16 from $19, as he expects negative estimate revisions and is worried about order deceleration due to the tight supply chain situation given recent China lockdowns. He sees risk from an economic slowdown, component shortages, and high backlog that is cancelable.
Among the hedge funds tracked by Insider Monkey, 35 funds were bullish on Hewlett Packard Enterprise Company (NYSE:HPE) at the end of December 2021, up from 33 funds in the earlier quarter. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is a prominent shareholder of the company, with 5.16 million shares worth $86.2 million.