Changes in US stocks | Elliott opened a position of more than US$1.5 billion, and HPE.US (HPE.US) rose nearly 5% in response

The Zhitong Finance App learned that the aggressive investment agency Elliott Investment Management has established a shareholding position of more than 1.5 billion US dollars in HPE.US (HPE.US). After the news broke, HPE Technology's stock price rose nearly 5% in response. People familiar with the matter said Elliott would like to open a dialogue with HPE Technology to discuss how to enhance shareholder value.

HPE Technology, a manufacturer focused on data center equipment, has had poor stock performance recently, and has fallen by more than a quarter since this year. The quarterly revenue announced by the company last month exceeded market expectations, but full-year performance guidance was weak. HPE Technology indicated at the time that due to higher discount pressure and anticipated price adjustments, the company's revenue growth would be curtailed.

Elliott has a long-standing reputation for driving the transformation of large global enterprises. He has pressured companies such as CRM.US (CRM.US), Southwest Airlines (LUV.US), and Starbucks (SBUX.US) to carry out structural changes.

Notably, HPE is currently seeking to acquire network equipment manufacturer Juniper Networks (JNPR.US) for $14 billion, but the deal was blocked by a lawsuit by the US Department of Justice earlier this year, and the future of the deal is uncertain.

With Elliott's major intervention, the market's focus will be on whether it can drive HPE Technology's strategic adjustments and boost investor confidence.