Intech Investment Management LLC Purchases 18,712 Shares of Tenable Holdings, Inc. $TENB

Key Points

• Intech Investment Management LLC increased its stake in Tenable Holdings, Inc. by 42.9% in the first quarter, owning 62,345 shares valued at approximately $2.18 million.
• Tenable reported $0.34 EPS for its last quarterly earnings, surpassing estimates of $0.30, while revenue rose 11.8% year-over-year to $247.3 million.
• Analysts have raised their price targets for Tenable, with a consensus rating of "Moderate Buy" and a price target of $41.06, reflecting positive sentiment in the market.

Intech Investment Management LLC raised its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 42.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,345 shares of the company's stock after purchasing an additional 18,712 shares during the period. Intech Investment Management LLC owned 0.05% of Tenable worth $2,181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Byrne Asset Management LLC lifted its holdings in shares of Tenable by 115.4% during the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock valued at $47,000 after acquiring an additional 727 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Tenable during the 1st quarter worth about $69,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Tenable by 743.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company's stock valued at $86,000 after purchasing an additional 2,178 shares in the last quarter. Headlands Technologies LLC bought a new stake in Tenable in the 1st quarter valued at approximately $109,000. Finally, KBC Group NV raised its stake in shares of Tenable by 19.4% during the 1st quarter. KBC Group NV now owns 5,652 shares of the company's stock worth $198,000 after purchasing an additional 919 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on TENB shares. UBS Group upped their price objective on Tenable from $40.00 to $43.00 and gave the company a "buy" rating in a report on Thursday, July 31st. DA Davidson raised their target price on Tenable from $32.00 to $34.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Wells Fargo & Company reissued an "overweight" rating and issued a $45.00 price objective (up previously from $40.00) on shares of Tenable in a research note on Thursday, July 31st. Morgan Stanley raised their price objective on Tenable from $28.00 to $32.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $38.00 target price (up previously from $37.00) on shares of Tenable in a research report on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Tenable presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.06.

Insiders Place Their Bets

In related news, insider Barron Anschutz sold 1,261 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $30.25, for a total transaction of $38,145.25. Following the completion of the transaction, the insider owned 59,645 shares of the company's stock, valued at $1,804,261.25. This trade represents a 2.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director A Brooke Seawell sold 4,622 shares of Tenable stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $30.12, for a total value of $139,214.64. Following the completion of the sale, the director directly owned 15,000 shares of the company's stock, valued at approximately $451,800. The trade was a 23.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,549 shares of company stock worth $1,954,751. 1.50% of the stock is currently owned by company insiders.

Tenable Price Performance

NASDAQ TENB traded up $0.19 during trading on Wednesday, reaching $29.81. The company's stock had a trading volume of 1,281,950 shares, compared to its average volume of 1,312,266. The firm has a fifty day moving average of $31.09 and a 200 day moving average of $32.66. Tenable Holdings, Inc. has a one year low of $28.51 and a one year high of $45.44. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $3.61 billion, a PE ratio of -80.57 and a beta of 0.73.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.The firm had revenue of $247.30 million during the quarter, compared to analysts' expectations of $242.15 million. During the same period in the prior year, the business earned $0.31 EPS. The company's revenue for the quarter was up 11.8% compared to the same quarter last year. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. Analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

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.