Elliott builds over $1.5B stake in HP Enterprise, Bloomberg reports

Elliott Investment Management has built a large position worth more than $1.5B in HP Enterprise (HPE), according to people familiar with the matter, Bloomberg’s Liana Baker, Crystal Tse, and Eyk Henning report. Elliott plans to engage with the software and networking company to help it boost value, said the people. The investment makes Elliott one of the company’s top five shareholders, according to data compiled by Bloomberg. Elliott’s exact intentions at HPE couldn’t be immediately learned, the authors note. Shares of HP Enterprise have climbed almost 7% to $15.23 in Tuesday morning trading.