Large Outflow of Money Witnessed in Palo Alto Networks

Palo Alto Networks (PANW): The stock had negative money flow to the tune of ($6.51 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $31.26 million, whereas, the outflow of money on downticks was $37.77 million and the ratio between the two was 0.83. The block trade had a negative net money flow of ($8.6 million). On the other hand, downticks amounted to $8.6 million of the traded value, which shows distribution in the stock by traders. Palo Alto Networks (PANW) closed with marginal gains of 289 cents to end the day at $129.49, an increase of 2.28% over the previous days close. The stock recorded 4.71% for the week.


Palo Alto Networks (PANW) : Average target price received by Palo Alto Networks (PANW) is $184.78 with an expected standard deviation of $16.7. The most aggressive target on the stock is $215, whereas the most downbeat target is $140. 23 financial analysts are currently covering the stock.

Palo Alto Networks (NYSE:PANW): stock turned positive on Friday. Though the stock opened at $129.29, the bulls momentum made the stock top out at $130.13 level for the day. The stock recorded a low of $127.22 and closed the trading day at $129.49, in the green by 2.28%. The total traded volume for the day was 981,870. The stock had closed at $126.6 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Anderson Mark, officer (EVP of WW Field Ops) of Palo Alto Networks Inc, had unloaded 2,203 shares at an average price of $127.1 in a transaction dated on June 21, 2016. The total value of the transaction was worth $280,001.

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).

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