Pacer Advisors Inc. Has $8.44 Million Holdings in Tenable Holdings, Inc. $TENB

Pacer Advisors Inc. boosted its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 31.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 498,647 shares of the company’s stock after purchasing an additional 119,570 shares during the period. Pacer Advisors Inc.’s holdings in Tenable were worth $8,435,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TENB. Arrowstreet Capital Limited Partnership grew its stake in Tenable by 175.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock valued at $63,131,000 after acquiring an additional 2,375,587 shares during the period. UBS Group AG lifted its holdings in shares of Tenable by 327.6% during the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock valued at $72,768,000 after purchasing an additional 2,369,402 shares in the last quarter. Norges Bank bought a new position in shares of Tenable during the 4th quarter valued at about $44,542,000. SEB Asset Management AB acquired a new position in shares of Tenable in the 1st quarter valued at approximately $18,935,000. Finally, First Trust Advisors LP grew its position 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. 89.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Stephens raised their target price on shares of Tenable from $24.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Jefferies Financial Group reduced their price target on shares of Tenable from $35.00 to $30.00 and set a “hold” rating for the company in a report on Thursday, July 30th. TD Cowen increased their price objective on shares of Tenable from $38.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Wells Fargo & Company lowered their price objective on shares of Tenable from $43.00 to $35.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Finally, Barclays dropped their price objective on shares of Tenable from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $34.68.

Tenable Price Performance

NASDAQ TENB opened at $35.94 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42. Tenable Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $43.67. The company has a market capitalization of $3.96 billion, a PE ratio of 718.94 and a beta of 0.94. The firm’s 50 day moving average is $32.49 and its 200-day moving average is $24.80.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Tenable had a net margin of 0.65% and a return on equity of 13.58%. The business had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. Equities research analysts anticipate that Tenable Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Tenable 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.