Tenable Holdings, Inc. (NASDAQ:TENB) Stock Holdings Lifted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 28.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 920,378 shares of the company's stock after purchasing an additional 201,366 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.77% of Tenable worth $37,294,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its position in shares of Tenable by 12.7% during the second quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company's stock worth $182,685,000 after acquiring an additional 471,126 shares during the last quarter. Renaissance Technologies LLC bought a new position in Tenable in the 2nd quarter worth about $7,740,000. Fisher Asset Management LLC increased its stake in shares of Tenable by 17.6% in the third quarter. Fisher Asset Management LLC now owns 1,057,728 shares of the company's stock valued at $42,859,000 after purchasing an additional 158,409 shares during the period. RGM Capital LLC raised its holdings in shares of Tenable by 4.5% during the second quarter. RGM Capital LLC now owns 3,539,236 shares of the company's stock valued at $154,240,000 after buying an additional 153,127 shares during the last quarter. Finally, Sanders Morris Harris LLC acquired a new position in shares of Tenable during the third quarter worth approximately $4,812,000. Institutional investors own 89.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Morgan Stanley decreased their price target on Tenable from $55.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. Needham & Company LLC reissued a "buy" rating and set a $50.00 target price on shares of Tenable in a research note on Tuesday, October 29th. Barclays reduced their price target on shares of Tenable from $49.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, October 31st. Robert W. Baird decreased their price objective on shares of Tenable from $53.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Finally, Jefferies Financial Group started coverage on Tenable in a report on Wednesday, October 16th. They set a "hold" rating and a $45.00 target price on the stock. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $50.81.

Tenable Trading Up 0.2 %

Shares of TENB traded up $0.10 during midday trading on Friday, hitting $41.98. The stock had a trading volume of 499,262 shares, compared to its average volume of 920,818. The business has a 50-day simple moving average of $41.24 and a two-hundred day simple moving average of $41.67. The firm has a market cap of $5.04 billion, a P/E ratio of -82.31 and a beta of 0.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a fifty-two week low of $35.25 and a fifty-two week high of $53.50.

Insider Activity at Tenable

In other Tenable news, CFO Stephen A. Vintz sold 2,801 shares of Tenable stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $114,056.72. Following the transaction, the chief financial officer now owns 281,536 shares of the company's stock, valued at $11,464,145.92. The trade was a 0.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Amit Yoran sold 4,828 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $196,596.16. Following the completion of the sale, the chief executive officer now directly owns 45,171 shares of the company's stock, valued at $1,839,363.12. This trade represents a 9.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,654 shares of company stock worth $862,879. 4.30% of the stock is owned by corporate insiders.

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.