By Anan Ashraf
Publication Date: 2026-05-13 17:37:00
According to Semafor, activist investor Irenic Capital, led by Adam Katz, has taken a position in HPE and has engaged directly with executives to express their frustrations about the direction of the company.
- The new activist interest adds to the pressure already coming from Elliott Management.
- Semafor notes that HPE stock has roughly doubled since Elliott first entered the stock.
- The company completed the largest deal in its history last year: the $16 billion acquisition of Juniper Networks.
Shares of Hewlett-Packard Enterprise (HPE) rose about 5% on Wednesday following a report that additional activist funds are rushing in to take stakes in the company.
According to At Semafor, activist investor Irenic Capital, led by Adam Katz, has taken a position in HPE and engaged directly with executives to express their frustrations about the direction of the company. Irenic’s specific plans remain unclear, according to the report.
Existing pressure
The new activist interest adds to the pressure already…