On Tuesday, Shares of Nutanix Inc (NASDAQ:NTNX), added 0.29 % and closed at $30.74 in the last trading session. NTNX stock opened its last trade at $31.84 and after floating in a range of $29.60 to $31.84. The company’s Market capitalization is $3.90 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. The Earnings per Share of the company stands at $1.24. Firsthand Technology Value Fund, Inc. (SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, revealed recently that its preliminary NAV as of September 30, 2016 was $20.94 per share and its top five holdings were IntraOp Medical, Pivotal Systems, Nutanix, Wrightspeed, and Turn.
IntraOp Medical Corp. is the manufacturer of the Mobetron, a medical device that is used to deliver intra-operative radiation to cancer patients. As of September 30, 2016, the Fund’s investment in IntraOp consisted of 26,856,187 shares of preferred stock plus debt securities and represented about 17.4% of the Fund’s preliminary net assets.
Pivotal Systems, Inc. provides monitoring and process control technologies for the semiconductor manufacturing industry. As of September 30, 2016, the Fund’s investment in Pivotal consisted of 33,508,691 shares of preferred stock plus warrants to purchase additional shares and represented about 15.8% of the Fund’s preliminary net assets.
Nutanix, Inc. (NTNX) is a provider of hyperconverged data center equipment that merges computing, storage, and networking capabilities in a single piece of equipment. As of September 30, 2016, the Fund’s investment in Nutanix consisted of 459,772 shares of common stock and represented about 9.3% of the Fund’s preliminary net assets.
Shares of Lowe’s Companies, Inc. (NYSE:LOW), gained 0.37 % and closed at $70.24 in the last trading session. LOW stock opened its last trade at $70.53 and after floating in a range of $69.57 to $70.66. The company’s Market capitalization is $60.26 Billion with the total Outstanding Shares of 874.66 million. During the 52-week trading session the minimum price at which share price traded, registered at $62.62 and reached to max level of $83.65. The Earnings per Share of the company stands at $3.11. Lowe’s Companies, Inc. (LOW) (“Lowe’s”) and RONA inc. (RON.TO)(RON-PA.TO) (“RONA”) declared recently that Lowe’s, through a wholly owned partner, and RONA have reached a definitive agreement for the acquisition of RONA’s outstanding Cumulative 5-Year Rate Reset Series 6 Class A Preferred Shares and Cumulative Floating Rate Series 7 Class A Preferred Shares (collectively, the “Preferred Shares”) for C$24 per share in cash following a plan of arrangement under the Business Corporations Act (Québec).
The board of directors of RONA, after consultation with its financial and legal advisors, has unanimously approved the transaction and has resolved to unanimously recommend that holders of the Preferred Shares (the “Preferred Shareholders”) vote in favour of the transaction at a meeting of Preferred Shareholders to be held to consider the transaction. RBC Capital Markets has offered a fairness opinion to RONA’s board of directors that, subject to the assumptions, limitations and qualifications set out in such fairness opinion, and as of the date of such opinion, the consideration under the transaction is fair from a financial point of view to the Preferred Shareholders.
The transaction is subject to court approval and the requisite approval of the Preferred Shareholders. Assuming the required approvals are received, the transaction is expected to be consummated before the end of the year.