HPE stock rallies after Elliott Investment reportedly builds $1.5B stake

Elliott Investment Management has quietly built a stake worth more than $1.5 billion in HewlettPackard Enterprise Co. (HPE), becoming one of the networking and software company’s top five shareholders, according to a Bloomberg report citing people familiar with the matter.The activist hedge fund, known for its aggressive shareholder campaigns in the tech sector, is expected to push for changes to enhance shareholder value at HPE, although its exact demands are not yet known, the report said. Both Elliott an ...