S Squared Technology LLC acquired a new stake in Tenable Holdings, Inc. (NASDAQ:TENB – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 90,000 shares of the company’s stock, valued at approximately $3,319,200,000. Tenable accounts for 1.0% of S Squared Technology LLC’s holdings, making the stock its 24th biggest holding. S Squared Technology LLC owned 0.08% of Tenable as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Tenable by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock valued at $363,009,000 after acquiring an additional 465,039 shares in the last quarter. BlackRock Inc. acquired a new position in Tenable during the 2nd quarter worth approximately $498,387,000. Ameriprise Financial Inc. grew its holdings in Tenable by 11.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock worth $209,354,000 after acquiring an additional 713,291 shares in the last quarter. First Trust Advisors LP increased its position in shares of Tenable by 31.8% in the 4th quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock valued at $99,852,000 after purchasing an additional 1,023,671 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Tenable by 175.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock valued at $63,131,000 after purchasing an additional 2,375,587 shares during the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.
Tenable Stock Down 1.3%
Shares of NASDAQ:TENB opened at $33.94 on Tuesday. The company has a market capitalization of $3.74 billion, a PE ratio of 678.94 and a beta of 0.94. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. Tenable Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $43.67. The firm has a 50 day simple moving average of $34.88 and a 200-day simple moving average of $26.19.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on TENB shares. Wall Street Zen raised shares of Tenable from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Barclays dropped their target price on Tenable from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. William Blair cut Tenable from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 28th. Needham & Company LLC lifted their price target on Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, TD Cowen lifted their price target on Tenable from $38.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Tenable currently has an average rating of “Hold” and a consensus price target of $34.68.
Read Our Latest Stock Report on TENB
Tenable Profile
Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.
At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.
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