Hewlett Packard jumps on report Elliott builds $1.5 bln stake

ReutersApr 15, 2025 1:56 PM

Shares of AI-server maker Hewlett Packard Enterprise HPE.N rise 7% to $15.35

Elliott Investment Management has built a large position worth more than $1.5 billion in the company, Bloomberg News reported, citing people familiar with the matter

HPE and Elliott did not immediately respond to Reuters' requests for comment

Investment makes Elliott one of the top five shareholders in HPE, the report added

Up to last close, stock had fallen ~33% YTD after rising 25% in 2024

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