Activist investor targets Hewlett Packard by reportedly building $1.5B stake
1. Elliott Investment acquired a $1.5 billion stake in Hewlett Packard Enterprise. 2. Elliott plans to engage with HPE management for strategic changes. 3. HPE has a cost-cutting plan aiming to save $350 million by 2027. 4. HPE shares spiked 5%, but are down 30% year-to-date. 5. The company faces legal issues with its acquisition of Juniper Networks.