Tenable Holdings, Inc. (NASDAQ:TENB) Shares Bought by Invesco Ltd.

Invesco Ltd. grew its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 15.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 101,337 shares of the company's stock after acquiring an additional 13,655 shares during the quarter. Invesco Ltd. owned about 0.08% of Tenable worth $3,991,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TENB. FMR LLC raised its holdings in Tenable by 2.0% during the fourth quarter. FMR LLC now owns 15,515,164 shares of the company's stock worth $610,987,000 after purchasing an additional 304,237 shares in the last quarter. Vanguard Group Inc. lifted its position in Tenable by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock valued at $549,234,000 after acquiring an additional 708,249 shares during the last quarter. Geode Capital Management LLC boosted its stake in Tenable by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company's stock valued at $110,416,000 after acquiring an additional 8,746 shares in the last quarter. Norges Bank purchased a new position in shares of Tenable during the fourth quarter worth about $54,950,000. Finally, Fisher Asset Management LLC increased its position in shares of Tenable by 17.1% during the fourth quarter. Fisher Asset Management LLC now owns 1,238,396 shares of the company's stock worth $48,768,000 after purchasing an additional 180,668 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company's stock.

Insider Activity

In other Tenable news, CEO Stephen A. Vintz sold 6,681 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $38.16, for a total value of $254,946.96. Following the sale, the chief executive officer now directly owns 316,523 shares of the company's stock, valued at approximately $12,078,517.68. This trade represents a 2.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda Kay Zecher sold 2,500 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the transaction, the director now directly owns 353 shares of the company's stock, valued at approximately $13,061. This represents a 87.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,128 shares of company stock valued at $539,256 over the last 90 days. Insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

TENB has been the topic of a number of research reports. Stifel Nicolaus downgraded Tenable from a "buy" rating to a "hold" rating and dropped their price target for the stock from $46.00 to $45.00 in a research note on Friday, January 17th. Cantor Fitzgerald began coverage on shares of Tenable in a report on Monday, March 31st. They issued an "overweight" rating and a $50.00 target price on the stock. Needham & Company LLC reissued a "buy" rating and set a $50.00 price objective on shares of Tenable in a research report on Thursday, February 6th. Jefferies Financial Group reduced their target price on shares of Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a report on Monday, March 31st. Finally, Stephens began coverage on Tenable in a research report on Tuesday, April 1st. They issued an "equal weight" rating and a $42.00 price target on the stock. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Tenable currently has an average rating of "Moderate Buy" and a consensus price target of $46.72.

Tenable Stock Up 0.8 %

Tenable stock opened at $32.98 on Monday. Tenable Holdings, Inc. has a fifty-two week low of $29.99 and a fifty-two week high of $49.18. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of -109.93 and a beta of 0.88. The stock's fifty day moving average is $35.18 and its two-hundred day moving average is $39.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. Analysts predict 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.

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