Tenable Holdings, Inc. $TENB Position Trimmed by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 79.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,857 shares of the company’s stock after selling 135,810 shares during the period. Teacher Retirement System of Texas’ holdings in Tenable were worth $1,046,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Tenable by 23.2% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,212 shares of the company’s stock worth $939,000 after acquiring an additional 6,056 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Tenable by 63.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,627 shares of the company’s stock valued at $398,000 after acquiring an additional 5,311 shares during the period. Stephens Investment Management Group LLC boosted its stake in Tenable by 12.2% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,101,773 shares of the company’s stock valued at $32,128,000 after purchasing an additional 120,145 shares during the period. Campbell & CO Investment Adviser LLC grew its stake in shares of Tenable by 56.1% in the third quarter. Campbell & CO Investment Adviser LLC now owns 72,365 shares of the company’s stock worth $2,110,000 after acquiring an additional 26,001 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Tenable by 4.3% in the third quarter. Nordea Investment Management AB now owns 344,116 shares of the company’s stock valued at $10,084,000 after buying an additional 14,070 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analysts Set New Price Targets

TENB has been the subject of a number of analyst reports. Canaccord Genuity Group cut their price target on shares of Tenable from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Piper Sandler decreased their price target on shares of Tenable from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. Morgan Stanley set a $30.00 target price on shares of Tenable in a research note on Thursday, December 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $30.00 price objective on shares of Tenable in a research note on Friday. Finally, Barclays cut their target price on shares of Tenable from $33.00 to $28.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. Ten analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $34.41.

Tenable Price Performance

NASDAQ:TENB opened at $22.02 on Tuesday. Tenable Holdings, Inc. has a one year low of $21.26 and a one year high of $43.68. The firm’s fifty day moving average price is $24.19 and its two-hundred day moving average price is $27.79. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $2.63 billion, a P/E ratio of -81.56 and a beta of 0.64.

Insider Transactions at Tenable

In other Tenable news, Director A Brooke Seawell sold 115,000 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $24.82, for a total transaction of $2,854,300.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.

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.