Legal & General Group Plc bought a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 123,341 shares of the company’s stock, valued at approximately $4,549,000. Legal & General Group Plc owned about 0.11% of Tenable as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Tenable by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock worth $363,009,000 after buying an additional 465,039 shares in the last quarter. BlackRock Inc. purchased a new stake in Tenable during the 2nd quarter valued at about $498,387,000. Ameriprise Financial Inc. raised its holdings in Tenable by 11.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock valued at $209,354,000 after acquiring an additional 713,291 shares during the last quarter. First Trust Advisors LP raised its holdings in 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 acquiring an additional 1,023,671 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Tenable by 175.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after purchasing an additional 2,375,587 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on TENB shares. TD Cowen boosted their target price on Tenable from $38.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, July 13th. JPMorgan Chase & Co. lifted their price objective on Tenable from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Jefferies Financial Group lowered their price objective on Tenable from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday, July 30th. Susquehanna upped their target price on Tenable from $26.00 to $36.00 and gave the company a “positive” rating in a report on Thursday, July 30th. Finally, Stephens raised their target price on Tenable from $24.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.68.
Tenable Stock Up 0.7%
Shares of NASDAQ TENB opened at $34.49 on Friday. The company has a 50 day simple moving average of $36.24 and a 200-day simple moving average of $26.98. The company has a market capitalization of $3.80 billion, a P/E ratio of 689.94 and a beta of 0.96. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. Tenable Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $43.67.
Tenable (NASDAQ:TENB – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $268.51 million for the quarter, compared to analysts’ expectations of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 earnings per share. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. On average, equities research analysts predict that Tenable Holdings, Inc. will post 0.5 earnings per share for the current year.
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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