Dean Capital Investments Management LLC Makes New $619,000 Investment in Cloudflare Inc (NYSE:NET)

Dean Capital Investments Management LLC purchased a new position in Cloudflare Inc (NYSE:NET) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 33,333 shares of the company’s stock, valued at approximately $619,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Pelham Capital Ltd. bought a new position in Cloudflare in the 3rd quarter worth $13,928,000. Zweig DiMenna Associates LLC purchased a new stake in Cloudflare during the 3rd quarter valued at about $5,928,000. Teacher Retirement System of Texas purchased a new stake in Cloudflare during the 3rd quarter valued at about $371,000. Envestnet Asset Management Inc. purchased a new stake in shares of Cloudflare during the 3rd quarter valued at about $258,000. Finally, Creative Planning purchased a new stake in shares of Cloudflare during the 3rd quarter valued at about $196,000. 1.79% of the stock is owned by institutional investors and hedge funds.

Get Cloudflare alerts:

Shares of NET stock traded down $0.04 during trading hours on Tuesday, hitting $16.19. 38,031 shares of the company’s stock were exchanged, compared to its average volume of 1,055,433. The business’s 50 day moving average price is $16.91. Cloudflare Inc has a fifty-two week low of $14.50 and a fifty-two week high of $22.08.

A number of research firms have commented on NET. JMP Securities initiated coverage on shares of Cloudflare in a research note on Tuesday, October 8th. They set an “outperform” rating and a $22.00 target price on the stock. Piper Jaffray Companies started coverage on shares of Cloudflare in a research note on Monday, November 4th. They set an “overweight” rating and a $20.00 target price for the company. Jefferies Financial Group initiated coverage on Cloudflare in a report on Tuesday, October 8th. They issued a “hold” rating and a $18.00 price objective for the company. Oppenheimer started coverage on shares of Cloudflare in a report on Tuesday, October 8th. They issued an “outperform” rating and a $23.00 target price for the company. Finally, Royal Bank of Canada started coverage on Cloudflare in a research note on Tuesday, October 8th. They set an “outperform” rating and a $20.00 price target on the stock. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $20.88.

Cloudflare Company Profile

CloudFlare, Inc operates a cloud platform that delivers a range of network services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and Internet of Things (IoT) devices.

Featured Story: Moving Average – How it Helps Investors in Stock Selection

Want to see what other hedge funds are holding NET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cloudflare Inc (NYSE:NET).

Receive News & Ratings for Cloudflare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloudflare and related companies with MarketBeat.com's FREE daily email newsletter.