Palo Alto Networks (PANW) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $5.93 million worth of transactions were on upticks, whereas, the downticks accounted for $2.05 million worth of transactions. The net money flow was a positive $3.89 million and the uptick to downtick ratio was 2.9. The net money flow into the stock was $4.16 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $4.16 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Palo Alto Networks (PANW) was trading at $140.49, down $0.17 during day. The stock slid -0.12% over the previous days close. For the week, the stock recorded -0.14% over the previous weeks close.
The company Insiders own 4.8% of Palo Alto Networks shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.96% . Institutional Investors own 81.53% of Palo Alto Networks shares. During last six month period, the net percent change held by insiders has seen a change of -4.68%.
In a related news,The director officer (Chief Executive Officer) of Palo Alto Networks Inc, Mclaughlin Mark D sold 70,000 shares at $140 on August 23, 2016. The Insider selling transaction had a total value worth of $9,800,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Palo Alto Networks (NYSE:PANW): The stock opened at $140.89 and touched an intraday high of $146.06 on Friday. During the day, the stock corrected to an intraday low of $139.62, however, the bulls stepped in and pushed the price higher to close in the green at $145.18 with a gain of 3.21% for the day. The total traded volume for the day was 2,824,881. The stock had closed at $140.66 in the previous trading session.
Palo Alto Networks (PANW) : Traders are bullish on Palo Alto Networks (PANW) as it has outperformed the S&P 500 by a wide margin of 10.32% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.68%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.2% in the last 1 week, and is up 10.17% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Palo Alto Networks, Inc. is a security company. The Companys security platform consists of three elements: its Next-Generation Firewall, its Advanced Endpoint Protection, and its Threat Intelligence Cloud. The Companys Next-Generation Firewall delivers application, user, and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture. Its Advanced Endpoint Protection prevents cyber-attacks that aim to exploit software vulnerabilities on a range of fixed and virtual endpoints and servers. The Companys Threat Intelligence Cloud provides central intelligence capabilities, security for software as a service (SaaS) applications, and automated delivery of preventative measures against cyber-attacks. The Companys PAN-OS operating system contains App-ID, User-ID, site-to-site virtual private network (VPN), remote access secure sockets layer (SSL) VPN, and Quality-of-Service (QoS).