India, April 15 -- Shares of Hewlett Packard Enterprise (HPE) Tuesday rose 4% driven by a report that hedge fund Elliott Investment Management has built over $1.5 billion stake in the server company.
HPE is currently trading at $14.89, up $0.61 or 4.24%, on the NYSE. The stock opened its trading at $14.28 after closing Monday at $14.28. The stock has traded between $11.97 and $24.66 in the past 52-week period.
The activist investor hopes to engage the company in discussions on how to improve shareholder value, according to a CNBC report.
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