New York, May 24, 2026, 15:06 (EDT)
Hewlett Packard Enterprise shares climbed 10.6% to $37.58 on Friday and hit $37.75 at one point. HPE finished the week up about 13.5% from last Friday. The company’s market value ended near $51 billion.
Memorial Day will keep U.S. stock markets shut Monday. Sessions pick up again Tuesday. That means investors won’t get a look at whether Friday’s rally keeps going until after the break. NYSE’s 2026 calendar lists May 25 as a full market holiday.
Elliott Investment Management bumped up its HPE stake, a new filing shows. The activist held 27,421,735 HPE shares as of March 31, according to its Form 13F filed May 15. That’s up from 18,630,978 shares at the end of December.
13F filings report quarter-end holdings, not real-time trades. This filing landed while the stock was active on HPE’s networking news, Juniper Networks integration, and speculation that activist pressure is keeping attention on strategy and cash returns.
HPE and Elliott have been talking for months. Back in July 2025, HPE said it would add Robert Calderoni, known in tech, to its board. HPE also set up a Strategy Committee to review businesses and ways to create value, and let Elliott put someone on the board, if approved.
Jason Genrich, partner and senior portfolio manager at Elliott, said the fund saw “substantial value ahead” for HPE. He said Calderoni’s seat could help HPE unlock “meaningful operational and strategic opportunities.” Stock Titan
Dow hit another record on Friday, and the S&P 500 logged its eighth up week, Reuters reported. Tech shares led gains across the board. Shares of Dell and HP Inc rose after Lenovo’s results. HPE was up more than the S&P’s 0.37% move. Dell, which sells AI servers, jumped about 17%. Cisco, which rivals HPE in networking, climbed 1.9%.
HPE reports fiscal Q2 results after the close June 1, with the earnings call scheduled for 5 p.m. ET. More details are on .
HPE CEO Antonio Neri said the March quarter was “one of our most profitable quarters on record,” and orders jumped double digits across all business lines. CFO Marie Myers told analysts that “prudent cost management” helped, and added that Juniper and Catalyst synergies arrived sooner than expected. Hewlett Packard Enterprise
Juniper is now front and center for the stock. HPE said Networking revenue reached $2.7 billion in the January quarter, up 151.5% from a year ago. Cloud & AI sales, which include servers and storage, fell 2.7% to $6.3 billion. Free cash flow after operations and capex was $708 million.
HPE flags cost and supply risks as AI hopes run. The company is dealing with “persistent tightness and elevated pricing” for DRAM and NAND, CEO Neri said, warning these problems may last through 2027. Server sales slid in the January quarter. Now, margins, pricing, and the pace of AI sales converting to revenue are the big unknowns. Hewlett Packard Enterprise Investors
Bulls don’t have much left to hang onto here. Activist pressure might still drive more capital returns and some portfolio shifts, while networking growth is giving HPE a path into AI infrastructure that’s more direct than just following server trends. Tuesday’s trading will show if Friday was just pre-holiday jockeying or the start of another big rerating move.
