Shares of Hewlett Packard Enterprise rose 4% after Elliott Investment Management acquired a stake worth over $1.5 billion, according to CNBC. The activist investor aims to engage with the company to improve shareholder value. HPE shares have fallen over 25% in 2024, weighed down by concerns over price discounting and soft full-year guidance despite beating quarterly revenue estimates. Elliott Investment Management recently took a large stake in Aspen Technology and nominated board members at Phillips 66, which also holds a major investment.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Shares of Hewlett-Packard Enterprise rose 4% after Elliott Investment Management
00:06acquired a stake worth $1.5 billion, according to CNBC. The activist investor aims to engage
00:12with the company to improve shareholder value. HPE's shares have fallen over 25% in 2024,
00:18weighed down by concerns over price discounting and soft full-year guidance,
00:22despite beating quarterly revenue estimates. Elliott Investment Management recently took
00:26a large stake in Aspen Technology and nominated board members at Phillips 66,
00:31where it also holds a major investment. For all things money, visit Benzinga.com slash GSTV.