Fifth Third Bancorp Grows Holdings in Cloudflare, Inc. $NET

Fifth Third Bancorp increased its holdings in Cloudflare, Inc. (NYSE:NET) by 1,914.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,406 shares of the company’s stock after purchasing an additional 13,691 shares during the period. Fifth Third Bancorp’s holdings in Cloudflare were worth $2,973,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lingotto Investment Management LLP bought a new stake in shares of Cloudflare during the 4th quarter worth approximately $34,626,000. Trek Financial LLC purchased a new position in shares of Cloudflare during the fourth quarter worth approximately $1,793,000. Jupiter Asset Management Ltd. raised its stake in shares of Cloudflare by 1,984.7% during the fourth quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock valued at $38,979,000 after acquiring an additional 188,226 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Cloudflare by 25.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock valued at $323,259,000 after purchasing an additional 336,768 shares during the period. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Cloudflare by 17.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after buying an additional 206,506 shares during the period. 82.68% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Carl Ledbetter sold 5,000 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $268.11, for a total value of $1,340,550.00. Following the transaction, the director owned 888,073 shares of the company’s stock, valued at $238,101,252.03. This represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,383 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $247.28, for a total value of $12,953,268.24. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 590,544 shares of company stock valued at $132,719,009. 10.66% of the stock is owned by company insiders.

Cloudflare Stock Performance

NYSE NET opened at $272.27 on Tuesday. The firm has a market capitalization of $96.24 billion, a P/E ratio of -1,089.08, a PEG ratio of 283.00 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a 50-day simple moving average of $237.94 and a two-hundred day simple moving average of $210.52. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $291.00.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The firm had revenue of $639.75 million for the quarter, compared to the consensus estimate of $620.83 million. During the same quarter last year, the business posted $0.16 earnings per share. The firm’s revenue was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, equities analysts forecast that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Raymond James Financial assumed coverage on Cloudflare in a report on Tuesday, July 7th. They issued a “strong-buy” rating for the company. Citigroup reissued a “market outperform” rating on shares of Cloudflare in a research note on Monday. Piper Sandler reaffirmed an “overweight” rating on shares of Cloudflare in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft raised shares of Cloudflare to a “buy” rating in a research report on Tuesday, July 7th. Finally, Benchmark downgraded shares of Cloudflare to an “underperform” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $256.74.

About Cloudflare

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.