BlackRock Inc. Invests $498.39 Million in Tenable Holdings, Inc. $TENB

Key Points

• BlackRock acquired 13.5 million Tenable shares worth approximately $498.4 million, giving it a 12.27% stake in the cybersecurity company.
• Institutional investors and hedge funds own 89.06% of Tenable, with several major firms—including Vanguard, Ameriprise and Arrowstreet—recently increasing their positions.
• Tenable exceeded quarterly earnings and revenue expectations, while analysts maintain a consensus “Hold” rating and an average price target of $34.68.

BlackRock Inc. bought a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 13,513,760 shares of the company's stock, valued at approximately $498,387,000. BlackRock Inc. owned about 12.27% of Tenable at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings 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 valued at $363,009,000 after purchasing an additional 465,039 shares during the period. Ameriprise Financial Inc. boosted its holdings in Tenable by 11.0% in the third quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company's stock valued at $209,354,000 after purchasing an additional 713,291 shares during the last quarter. First Trust Advisors LP lifted its stake 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 period. Arrowstreet Capital Limited Partnership grew its position in Tenable by 175.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company's stock valued at $63,131,000 after buying an additional 2,375,587 shares during the period. Finally, Shapiro Capital Management LLC increased its holdings in Tenable by 38.8% in the third quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company's stock valued at $105,336,000 after buying an additional 1,010,230 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Stock Performance

Shares of TENB stock opened at $33.94 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78. Tenable Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $43.67. The stock has a market capitalization of $3.74 billion, a PE ratio of 678.94 and a beta of 0.94. The firm has a 50 day moving average of $34.88 and a two-hundred day moving average of $26.19.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.04. The business had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The company's revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $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, research analysts predict that Tenable Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TENB has been the topic of several recent analyst reports. Needham & Company LLC increased their target price on shares of Tenable from $30.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Robert W. Baird set a $34.00 price objective on shares of Tenable in a research report on Thursday, April 30th. Canaccord Genuity Group increased their price objective on shares of Tenable from $30.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Cantor Fitzgerald increased their target price on shares of Tenable from $30.00 to $45.00 and gave the company an "overweight" rating in a research report on Friday, July 24th. Finally, Morgan Stanley set a $27.00 price target on Tenable in a report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $34.68.

Tenable Company 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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