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Activist Elliott Management could help spur a great opportunity for shareholders now that the firm has a stake in Hewlett Packard Enterprise.
Hewlett Packard Enterprise NYSE: HPE now finds itself in a precarious situation. The firm will deal with something that many executives dread: activist investors.
Trading in Hewlett Packard Enterprise Company HPE is quiet on Wednesday. This comes after yesterday's gain of more than 5%.
Portfolio positioning amid tariff uncertainty, Johnson & Johnson's Q1 earnings beat, HPE stock jumps
Josh speaks to experts about the state of markets amid President Trump's tariff pause and trade tensions escalating with China. Other topics include bank earnings, Johnson & Johnson reporting a Q1 earnings beat, and HPE stock jumping on Elliott Management reportedly taking a $1.5 billion stake in the company.
Hewlett Packard Enterprise (HPE) is in focus after reports that activist investor Elliott Management built a $1.5 billion stake in the company. Epistrophy Capital Research chief market strategist and host of the Drill Down Podcast Cory Johnson joins Market Domination host Josh Lipton and ProShares global investment strategist Simeon Hyman to discuss HPE's positioning and how the legacy computer company competes in the artificial intelligence (AI) era.
Hewlett Packard Enterprise Co (NYSE:HPE, ETR:2HP) shares were up nearly 4.3% on Tuesday afternoon after it attracted a more than $1.5 billion investment from activist hedge fund Elliott Investment Management. The move follows a tough stretch for HPE, whose stock has fallen over 30% in the past year.
Hewlett Packard Enterprise is a revenue grower and dividend deliverer that's trading at a low valuation multiple.
Elliott Investment Management has quietly built a stake worth more than $1.5 billion in HewlettPackard Enterprise Co. (HPE), becoming one of the networking and software company's top five shareholders, according to a Bloomberg report citing people familiar with the matter.
Hewlett Packard Enterprise stock has struggled since the technology company posted disappointing fiscal first-quarter earnings.
Strong bank earnings and HPE's activist stake fuel early US stock market gains, lifting the Dow and S&P 500 in Tuesday's session.