Nuveen Asset Management LLC Purchases 168,104 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Nuveen Asset Management LLC grew its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 20.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,003,615 shares of the company's stock after buying an additional 168,104 shares during the quarter. Nuveen Asset Management LLC owned 0.84% of Tenable worth $39,522,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TENB. Barclays PLC boosted its holdings in Tenable by 31.9% during the 3rd quarter. Barclays PLC now owns 731,626 shares of the company's stock valued at $29,646,000 after acquiring an additional 177,048 shares during the period. Wells Fargo & Company MN lifted its position in Tenable by 41.9% in the fourth quarter. Wells Fargo & Company MN now owns 67,831 shares of the company's stock valued at $2,671,000 after purchasing an additional 20,031 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Tenable by 30.3% during the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock valued at $111,000 after purchasing an additional 657 shares during the period. Invesco Ltd. grew its holdings in shares of Tenable by 15.6% in the fourth quarter. Invesco Ltd. now owns 101,337 shares of the company's stock worth $3,991,000 after purchasing an additional 13,655 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of Tenable by 64.5% in the fourth quarter. Teacher Retirement System of Texas now owns 23,933 shares of the company's stock worth $942,000 after purchasing an additional 9,385 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

Analyst Ratings Changes

TENB has been the subject of a number of recent analyst reports. Stephens lowered shares of Tenable from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. lowered their price objective on shares of Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Jefferies Financial Group dropped their target price on shares of Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a report on Monday, March 31st. Wells Fargo & Company cut their target price on Tenable from $50.00 to $40.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Finally, Westpark Capital reaffirmed a "hold" rating on shares of Tenable in a research report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Tenable has an average rating of "Moderate Buy" and an average target price of $40.44.

Tenable Stock Down 0.4%

TENB stock traded down $0.12 during midday trading on Monday, hitting $31.90. The stock had a trading volume of 849,043 shares, compared to its average volume of 1,053,912. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of -106.33 and a beta of 0.83. The business has a 50-day moving average of $33.05 and a two-hundred day moving average of $37.88. Tenable Holdings, Inc. has a 52-week low of $28.75 and a 52-week high of $49.18. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28.

Tenable (NASDAQ:TENB - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.08. The firm had revenue of $239.14 million for the quarter, compared to analysts' expectations of $234.12 million. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. During the same quarter in the previous year, the business posted $0.25 EPS. The company's quarterly revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Stephen A. Vintz sold 6,681 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $38.16, for a total transaction of $254,946.96. Following the sale, the chief executive officer now directly owns 316,523 shares of the company's stock, valued at approximately $12,078,517.68. This represents a 2.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the transaction, the director now directly owns 353 shares of the company's stock, valued at $13,061. This trade represents a 87.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,787 shares of company stock valued at $486,206. 1.50% of the stock is currently owned by corporate insiders.

About Tenable

Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.