Activist investor Elliott Management Corp. has taken a stake in F5 Networks Inc. and spoken to the software company’s management in recent weeks about ways to boost its lagging stock, according to people familiar with the matter.

The exact size of Elliott’s stake couldn’t be learned, though it falls below the 5% threshold that would require regulatory disclosure, the people said. Elliott is one of the biggest investors in F5 Networks, a Seattle company with a market value of about $8.8 billion, they added.

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