HPE stock increases after Management Elliott takes $ 1.5 billion stock stock

Shares Hewlett Packard Enterprise According to CNBC.

The activist hopes to attract the campaign in the discussion on how to improve the value of shareholders, the source said.

Elliott and HPE refused to comment on the news.

This year’s stock manufacturers of data centers have lost more than fourth value. Last month company Leaded by quarterly profit Expectations but issued weak financial full recommendations. HPE said it is fighting higher discounts and expected prices adjustments to weigh its top line growth.

Elliott has a long story in Clicking on changes in some of the largest in the world companyincluding Seller. South -Western airlines and Starbucks.

Most recently, the investment management firm has taken 1.5 billion in stock In an industrial software manufacturer Aspen -TechnologyAnd he said he opposed the transaction that would allow Emerson Electric to purchase the company’s other shares in a $ 7.2 billion agreement. In March the firm Named nominees To join the Phillips 66 oil company, where it scored $ 2.5 billion.

Currently HPE tries to buy juniper networks 14 billion dollarsBut the US Department of Justice sued the Blocking transaction Early this year.

Bloomberg first reported the news.

Correction: This story has been updated to reflect that Elliot has occupied $ 1.5 billion HPE stocks. The previous version of the story was wrong.