HPE shares rise after activist Elliott Management takes $1.5 billion stake

Stock of Hewlett packard enterprise jumping almost 5% after elliott investment has built a day of $ 1.5 billion in the server manufacturer, a familiar person with the cnbc matter.

The investor triggered hope to engage the company in discussions on how to improve the value of action, the source said.

Elliott and Hepa refused to comment on the news.

Data equipment action equipment lost more than one fourth in value this year. Last month, company topped woundlessly perform expectations, but issued fiscal fiscal ride. Hepa said he was catching up with higher adjustments of discount and planned to the weight in its upper line growth.

Elliott has a long story in push for changes to some of the The largest companies of the worldincluding Salesforce, Southwest Airlines and it Starbucks. I am

The most recently, investment management company took a $ 1.5 billion toes In industrial software manufacturer Aspen technologyand told her a ripe allowed electrical emerson to buy a common of the company rest in a $ 7.2 treatment. In March, the firm Nominee call To join the Origat 66 company’s company’s board, where a $ 2.5 match is scored.

Hepa is currently trying to buy Juniper Network for $ 14 billionBut the US Department of US Sued to Block the Deal before this year.

Bloomberg first stated the news.

The correction: This story has been updated to reflect that Elliott has taken a $ 1.5 billion type in HPE. A previous version of the mission the amount.