Raymond James raises Fulgent Genetics stock price target to $36 on strong performance
Hewlett Packard Enterprise Co (NYSE:HPE), whose stock has surged nearly 58% over the past six months and is trading near its 52-week high of $25.35, revised its executive annual incentive program targets to reflect the acquisition of Juniper Networks, Inc., according to a press release statement filed with the Securities and Exchange Commission.
On Friday, the HR and Compensation Committee of HPE’s board increased the target goal levels for financial performance metrics used to determine annual cash bonuses for executive officers. The revisions apply to the fiscal 2025 annual incentive program, which is based 80% on company financial results—specifically revenue, operating profit, and annualized revenue run-rate (ARR)—and 20% on individual management objectives.
The committee’s update was made to account for approximately four months of combined operations with Juniper Networks during fiscal 2025. The ARR target was also adjusted to align with a change in how HPE calculates and reports ARR, now including revenue from software licenses support and maintenance. This change was first disclosed in HPE’s quarterly report for the period ended July 31, 2025.
All other terms and conditions of the annual incentive program remain unchanged, according to the filing.
HPE’s common stock and its 7.625% Series C Mandatory Convertible Preferred Stock are listed on the New York Stock Exchange under the symbols HPE and HPEPrC, respectively.
This article is based on a press release statement filed with the SEC.
In other recent news, Hewlett Packard Enterprise (HPE) reported strong quarterly earnings with an 11% year-over-year revenue increase, or 18% when including the Juniper acquisition. This performance has led Evercore ISI to maintain its Outperform rating with a $28 price target, although the company was removed from their Tactical Outperform list. Raymond James also raised its price target to $30 from $29, citing better-than-expected results but noted a projected 30% decline in AI platforms revenue for the upcoming quarter. Wells Fargo increased its price target to $26 from $22, maintaining an Equal Weight rating while expressing caution over AI server profitability risks. Morgan Stanley reiterated an Overweight rating with a $28 price target, describing the results as largely in line with expectations. Additionally, HPE has appointed Phil Mottram as the new Executive Vice President and Chief Sales Officer, effective November 1, 2025. Mottram will lead global sales teams across Servers and Hybrid Cloud solutions. These developments reflect ongoing strategic adjustments and market responses to HPE’s performance and projections.
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