Resona Asset Management Co. Ltd. Has $18.02 Million Holdings in Cloudflare, Inc. $NET

Posted by Francis Steltz on May 20th, 2026

Resona Asset Management Co. Ltd. cut its holdings in Cloudflare, Inc. (NYSE:NET – Free Report) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,145 shares of the company’s stock after selling 3,040 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Cloudflare were worth $18,019,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Cloudflare by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock valued at $6,389,167,000 after buying an additional 90,397 shares in the last quarter. Invesco Ltd. boosted its stake in Cloudflare by 1.3% in the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock valued at $850,792,000 after buying an additional 49,485 shares in the last quarter. Groupama Asset Managment boosted its stake in Cloudflare by 82.6% in the third quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock valued at $450,639,000 after buying an additional 950,000 shares in the last quarter. Northern Trust Corp boosted its stake in Cloudflare by 1.2% in the third quarter. Northern Trust Corp now owns 1,909,120 shares of the company’s stock valued at $409,678,000 after buying an additional 21,715 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Cloudflare by 802.6% in the fourth quarter. Jennison Associates LLC now owns 1,863,612 shares of the company’s stock valued at $367,411,000 after buying an additional 1,657,144 shares in the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

Positive Sentiment: Cloudflare announced a collaboration with Anthropic to launch Cloudflare Environments for Claude Managed Agents, which could strengthen its positioning in AI infrastructure and developer tooling. Cloudflare Brings Secure, Scalable Sandboxes to Claude Managed Agents
Positive Sentiment: Recent coverage highlighted Cloudflare’s AI-first pivot and workforce reduction as part of a strategy to improve efficiency while expanding AI products, which may be viewed as a margin and growth catalyst. Cloudflare Reshapes Business With AI Pivot And 20% Workforce Cut
Positive Sentiment: Investor interest in AI-linked internet software names and a sectorwide lift after a strong Cisco report have also helped sentiment around NET. Why Cloudflare (NET) Stock Is Trading Up Today
Neutral Sentiment: Analyst and media commentary continues to group Cloudflare with other AI software beneficiaries, but this is more sentiment-driven than a new fundamental update. Fastly’s Compute Revenues Surge: Is AI Demand Powering Growth?
Negative Sentiment: Chief accounting officer Janel Riley sold shares in two separate transactions, and CFO Thomas J. Seifert also sold 10,000 shares, which can create some short-term pressure even though all were under pre-arranged 10b5-1 plans.

Insider Transactions at Cloudflare

In related news, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $173.78, for a total transaction of $9,103,291.52. Following the completion of the sale, the chief executive officer owned 22,911 shares of the company’s stock, valued at $3,981,473.58. This trade represents a 69.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Thomas J. Seifert sold 41,557 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $185.04, for a total value of $7,689,707.28. Following the sale, the chief financial officer directly owned 85,452 shares of the company’s stock, valued at $15,812,038.08. This represents a 32.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 653,060 shares of company stock worth $128,655,860 over the last ninety days. 10.89% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have commented on NET. Citigroup began coverage on Cloudflare in a research report on Wednesday, April 15th. They issued a “buy” rating for the company. Wolfe Research reiterated a “peer perform” rating on shares of Cloudflare in a research report on Monday, January 26th. UBS Group reiterated a “neutral” rating and issued a $220.00 target price on shares of Cloudflare in a research report on Wednesday, February 11th. Barclays increased their target price on Cloudflare from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Finally, Scotiabank dropped their target price on Cloudflare from $255.00 to $225.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 11th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Cloudflare has an average rating of “Moderate Buy” and an average price target of $236.68.

Check Out Our Latest Stock Analysis on NET

Cloudflare Price Performance

Shares of NET opened at $206.81 on Wednesday. Cloudflare, Inc. has a 1 year low of $154.93 and a 1 year high of $260.00. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The company has a market capitalization of $73.10 billion, a price-to-earnings ratio of -827.25 and a beta of 1.67. The business has a 50-day moving average of $207.36 and a 200-day moving average of $199.61.

Cloudflare (NYSE:NET – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share (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 company had revenue of $639.76 million during the quarter, compared to the consensus estimate of $620.83 million. During the same period last year, the company earned $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. As a group, equities research analysts anticipate that Cloudflare, Inc. will post -0.08 earnings per share for the current year.

About Cloudflare

(Free Report)

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.