HPE shares pop after activist Elliott Management takes $1.5 billion stake
1. Elliott Investment Management acquired over $1.5 billion stake in HPE. 2. The activist investor aims to improve shareholder value through engagement. 3. HPE's stock has declined over 25% this year, despite beating revenue expectations. 4. Shares spiked nearly 7% after news of Elliott's investment was revealed. 5. HPE faces challenges from higher discounting and weak fiscal guidance.