Intech Investment Management LLC Buys 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 grew its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 42.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,345 shares of the company's stock after purchasing an additional 18,712 shares during the period. Intech Investment Management LLC owned approximately 0.05% of Tenable worth $2,181,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TENB. Nuveen LLC purchased a new stake in shares of Tenable in the 1st quarter worth about $35,330,000. Penserra Capital Management LLC boosted its position in shares of Tenable by 47.6% in the 1st quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company's stock worth $59,031,000 after buying an additional 544,375 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Tenable by 828.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 432,564 shares of the company's stock worth $15,131,000 after buying an additional 385,975 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Tenable by 5.6% in the 1st quarter. Ameriprise Financial Inc. now owns 5,918,686 shares of the company's stock worth $207,038,000 after buying an additional 312,299 shares in the last quarter. Finally, Woodline Partners LP boosted its position in shares of Tenable by 1,765.8% in the 1st quarter. Woodline Partners LP now owns 190,215 shares of the company's stock worth $6,654,000 after buying an additional 180,020 shares in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Tenable Stock Down 0.5%

Shares of Tenable stock traded down $0.15 during trading on Friday, hitting $30.23. 2,886,721 shares of the stock traded hands, compared to its average volume of 1,340,358. The company has a fifty day moving average price of $30.97 and a two-hundred day moving average price of $32.56. Tenable Holdings, Inc. has a twelve month low of $28.51 and a twelve month high of $45.44. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $3.66 billion, a P/E ratio of -81.70 and a beta of 0.73.

Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $242.15 million. During the same period in the previous year, the company earned $0.31 EPS. The company's revenue for the quarter was up 11.8% on a year-over-year basis. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. Equities research analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wells Fargo & Company reissued an "overweight" rating and issued a $45.00 target price (up previously from $40.00) on shares of Tenable in a research note on Thursday, July 31st. Morgan Stanley boosted their target price on shares of Tenable from $28.00 to $32.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Needham & Company LLC boosted their target price on shares of Tenable from $35.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Wall Street Zen raised shares of Tenable from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 13th. Finally, Stifel Nicolaus boosted their target price on shares of Tenable from $30.00 to $35.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Tenable currently 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 company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $30.25, for a total value of $38,145.25. Following the completion of the transaction, the insider directly owned 59,645 shares in the company, valued at approximately $1,804,261.25. This represents a 2.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Stephen A. Vintz sold 29,196 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $30.25, for a total value of $883,179.00. Following the completion of the transaction, the chief executive officer owned 358,949 shares of the company's stock, valued at $10,858,207.25. The trade was a 7.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 64,549 shares of company stock valued at $1,954,751 in the last three months. 1.50% of the stock is owned by corporate insiders.

Tenable Company Profile

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.