Dean Capital Investments Management LLC bought a new position in shares of Cloudflare Inc (NYSE:NET) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 33,333 shares of the company’s stock, valued at approximately $619,000.
Several other hedge funds and other institutional investors have also modified their holdings of NET. Envestnet Asset Management Inc. acquired a new stake in shares of Cloudflare during the 3rd quarter worth about $258,000. FNY Investment Advisers LLC purchased a new position in shares of Cloudflare in the 3rd quarter valued at approximately $129,000. Teacher Retirement System of Texas purchased a new position in shares of Cloudflare in the 3rd quarter valued at approximately $371,000. Pelham Capital Ltd. purchased a new position in shares of Cloudflare in the 3rd quarter valued at approximately $13,928,000. Finally, Zweig DiMenna Associates LLC purchased a new position in shares of Cloudflare in the 3rd quarter valued at approximately $5,928,000. 1.79% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cloudflare stock traded down $0.04 during trading on Tuesday, reaching $16.19. The company’s stock had a trading volume of 38,031 shares, compared to its average volume of 1,055,433. Cloudflare Inc has a 12-month low of $14.50 and a 12-month high of $22.08. The business’s 50 day simple moving average is $16.91.
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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