Hewlett Packard Enterprise (HPE) shares surged Tuesday after Bloomberg reported 澳洲幸运5官方开奖结果体彩网:activist investor Elliott Investment Management has built a more than $1.5 billion stake in the server maker.

Elliott will look to engage with HP Enterprise's leadership on ways to maximize the company's value, people familiar with the matter told Investopedia. HP Enterprise declined to comment.

In its latest 澳洲幸运5官方开奖结果体彩网:quarterly report last month, HP Enterprise's revenue topped estimates, while adjusted profits for the first quarter, along with its 澳洲幸运5官方开奖结果体彩网:projections for the second quarter and full fiscal year, came in weaker than expected. The tech firm said it planned to cut costs and lay off about 5% of its workforc🐻e over the next 18 months.

Elliott Also 𓄧Built Stakes in Southwest Airlines, BP, and Phillips

Elliott has recently made an impact with its stake in Southwest Airlines (LUV), getting 澳洲幸运5官方开奖结果体彩网:several of its nominees placed on the company's board late last year. This year, Elliott has reportedly built stakes in oil and gas 澳洲幸运5官方开奖结果体彩网:companies BP (BP) and 澳洲幸运5官方开奖结果体彩网:Phillips 66 (PSX), and has invested in the tech sector previously with firms 澳洲幸运5官方开奖结果体彩网:including Salesforce (CRM)

HP Enterprise shares were up over 4% in recent trading, but are still down roughly 30% since the start of the year.