Janney Montgomery Scott LLC bought a new position in Tenable Holdings, Inc. (NASDAQ:TENB – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,602 shares of the company’s stock, valued at approximately $213,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. UBS Group AG increased its position in Tenable by 327.6% in the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock valued at $72,768,000 after acquiring an additional 2,369,402 shares during the period. Norges Bank bought a new position in shares of Tenable in the fourth quarter worth $44,542,000. First Trust Advisors LP grew its stake in shares of Tenable by 31.8% in the fourth quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock worth $99,852,000 after purchasing an additional 1,023,671 shares in the last quarter. Shapiro Capital Management LLC increased its holdings in shares of Tenable by 38.8% during the third quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock valued at $105,336,000 after purchasing an additional 1,010,230 shares during the period. Finally, Alyeska Investment Group L.P. raised its stake in shares of Tenable by 101.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,824,949 shares of the company’s stock valued at $42,941,000 after purchasing an additional 919,047 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.
Tenable Price Performance
Shares of NASDAQ:TENB opened at $39.88 on Monday. The company has a market capitalization of $4.40 billion, a PE ratio of -398.80 and a beta of 0.93. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a fifty day moving average of $30.10 and a 200-day moving average of $23.95. Tenable Holdings, Inc. has a one year low of $15.73 and a one year high of $43.67.
Analysts Set New Price Targets
A number of research firms recently commented on TENB. Stephens raised their price objective on shares of Tenable from $24.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Wall Street Zen lowered Tenable from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 24th. Jefferies Financial Group lifted their price target on Tenable from $22.00 to $27.00 and gave the company a “hold” rating in a research report on Friday, May 22nd. Susquehanna cut their price objective on Tenable from $40.00 to $26.00 and set a “positive” rating for the company in a report on Friday, May 1st. Finally, TD Cowen raised their target price on Tenable from $38.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Tenable presently has an average rating of “Hold” and a consensus target price of $31.95.
View Our Latest Report on TENB
About Tenable
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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