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.

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.

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Institutional Ownership by Quarter for Cloudflare (NYSE:NET)

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