Actions or Hewlett Pckard Enterprise It jumped almost 5% after Elliott Investment Management created a participation of more than $ 1.5 billion in the server manufacturer, said a person familiar with the matter to CNBC.
The activist investor hopes to involve the company in discussions on how to improve the value of shareholders, said the source.
Elliott and HPE refused to comment on the news.
The actions of the data center team manufacturer have lost more than a fourth value this year. Last month, the company exceeded the quarterly expectations of income, but issued a guide to the weak fiscal year. HPE said he was dealing with a higher discount and expected price settings to weigh on his first -line growth.
Elliott has a long history to boost changes in some of the world’s largest companies, including Salesforce” Southwest Airlines and Starbucks.
More recently, the Tok investment management company at $ 1.5 billion in the industrial software manufacturer Aspen technologyAnd he said he opposed an agreement that would allow Emerson Electric to buy company shares in an agreement of $ 7.2 billion. In March, the firm appointed the nominees to join the Board of the Petrolera Company Phillips 66, where it has accumulated a participation of $ 2.5 billion.
HPE currently tries to buy Juniper Networks for $ 14 billion, but the United States Department of Justice SED to block the agreement earlier this year.
Bloomberg first reported the news.
Correction: This story has been updated to reflect that Elliott Tok a participation of $ 1.5 billion in HPE. An earlier version of history was broken.