The Manufacturers Life Insurance Company Invests $76.76 Million in Tenable Holdings, Inc. $TENB

The Manufacturers Life Insurance Company purchased a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,081,312 shares of the company’s stock, valued at approximately $76,759,000. The Manufacturers Life Insurance Company owned approximately 1.89% of Tenable at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TENB. BlackRock Inc. acquired a new stake in Tenable during the 2nd quarter worth about $498,387,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Tenable by 175.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock valued at $63,131,000 after purchasing an additional 2,375,587 shares during the period. UBS Group AG lifted its position in shares of Tenable by 327.6% in the fourth quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock worth $72,768,000 after purchasing an additional 2,369,402 shares in the last quarter. Norges Bank purchased a new stake in shares of Tenable in the fourth quarter worth approximately $44,542,000. Finally, SEB Asset Management AB acquired a new stake in shares of Tenable during the first quarter worth approximately $18,935,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Stock Performance

Shares of TENB opened at $32.79 on Wednesday. The company’s fifty day moving average is $35.00 and its 200-day moving average is $26.29. Tenable Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $43.67. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 655.93 and a beta of 0.94. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The business had revenue of $268.51 million for the quarter, compared to the consensus estimate of $264.87 million. During the same quarter last year, the firm earned $0.34 EPS. Tenable’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 analysts expect that Tenable Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

TENB has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of Tenable from $43.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Susquehanna lifted their target price on shares of Tenable from $26.00 to $36.00 and gave the company a “positive” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. boosted their price target on shares of Tenable from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Jefferies Financial Group cut their price objective on Tenable from $35.00 to $30.00 and set a “hold” rating for the company in a report on Thursday, July 30th. Finally, William Blair cut Tenable from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $34.68.

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.