On Tuesday, Shares of Deutsche Bank AG (USA)(NYSE:DB), subtract -2.01% and closed at $13.62 in the last trading session. The last trading range of the stock ranges between $13.53 and $13.84. The company’s Market capitalization is $19.28 Billion with the total Outstanding Shares of 1.37 billion. During the 52-week trading session the minimum price at which share price traded, registered at $11.19 and reached to max level of $30.82. Deutsche Asset Administration’s (Deutsche AM) Alternatives business recently declared the acquisition of a 19-property, 3.3 million square foot industrial portfolio from International Airport Centers (IAC). The properties are located in seven major distribution markets across the US – Los Angeles, San Francisco, Seattle, Dallas, Chicago, Portland and San Diego.
The portfolio, which consists of 35 buildings, is 99% leased to 76 tenants with an average tenant size of about 40,000 square feet. Deutsche AM attained the portfolio on behalf of an institutional shareholder through direct negotiation with IAC’s investment advisor – Perlmutter Investment Company.
“The portfolio’s geographic diversity across large distribution hubs and stable tenant base makes it an attractive investment,” said Todd Henderson, Head of Alternatives – Real Estate, Americas. “We are excited about the acquisition of such a diverse portfolio of industrial real estate and “appreciate the opportunity to work with IAC on this transaction.”
Patterson-UTI Energy, Inc. (NASDAQ:PTEN), jumped 1.16% and closed at $24.33 in the last trading session. The last trading range of the stock ranges between $23.63 and $24.36. During the 52-week trading session the minimum price at which share price traded, registered at $10.94 and reached to max level of $24.36. PATTERSON-UTI ENERGY, INC. (PTEN) recently stated that for the month of September 2016, the Company had an average of 62 drilling rigs operating in the United States and two rigs in Canada. For the three months ended September 30, 2016, the Company had an average of 60 drilling rigs operating in the United States and two rigs in Canada.
Average drilling rigs operating stated in the Company’s monthly declarements represent the average number of the Company’s drilling rigs that were operating under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact the Company’s operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company’s financial performance. The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.
On the otherhand Nutanix Inc (NASDAQ:NTNX), lost -8.04% and closed at $32.01 in the last trading session. The last trading range of the stock ranges between $31.25 and $35.43. The company’s Market capitalization is $4.01 billion with the total Outstanding Shares of 14.87 million. During the 52-week trading session the minimum price at which share price traded, registered at $26.10 and reached to max level of $46.78. Firsthand Technology Value Fund, Inc. (SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, declared recently that Nutanix, a Fund holding since May 2015, went public recently through an initial public offering (“IPO”). The IPO was priced last evening at $16.00 per share, resulting in proceeds to the company of about $238 million. The shares, which now trade on the NASDAQ under the ticker symbol “NTNX”, opened their first day of trading at $26.50.
“In what has been a challenging environment for tech IPOs, we are excited about the successful public debut for Nutanix,” stated Kevin Landis, Firsthand’s CEO. “This marks the 7th IPO for our fund since its inception in 2011 and follows the successful exits of Mattson and Tapad earlier this year.”