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Activist investor targets Hewlett Packard by reportedly building $1.5B stake
HPQHP(HPQ) New York Post·2025-04-15 18:03

Hedge fund Elliott Investment Management has built a stake of more than 1.5billioninHewlettPackardEnterprise,apersonfamiliarwiththemattersaidonTuesday.Elliott,oneoftheworld’sbiggestactivistinvestors,nowranksamongtheinformationtechnologycompany’sbiggestinvestorsandplanstoengagewithmanagement,saidthepersonwhowasnotpermittedtodiscussthecampaignpublicly.Detailsofwhat Elliott maybepushingHPE,whichisvaluedat1.5 billion in Hewlett Packard Enterprise, a person familiar with the matter said on Tuesday.Elliott, one of the world’s biggest activist investors, now ranks among the information technology company’s biggest investors and plans to engage with management, said the person who was not permitted to discuss the campaign publicly.Details of what Elliott may be pushing HPE, which is valued at 20 billion, to do could not be immediately dete ...