Arrowstreet Capital Limited Partnership Boosts Stake in Tenable Holdings, Inc. $TENB

Arrowstreet Capital Limited Partnership lifted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 175.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,732,271 shares of the company’s stock after acquiring an additional 2,375,587 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Tenable were worth $63,131,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TENB. Royal Bank of Canada raised its position in Tenable by 11.5% during the first quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock valued at $4,367,000 after purchasing an additional 12,868 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Tenable by 5.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock valued at $11,436,000 after purchasing an additional 17,349 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Tenable by 83.6% during the 1st quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock valued at $3,939,000 after buying an additional 51,266 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Tenable by 12.9% during the 2nd quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock valued at $4,105,000 after buying an additional 13,903 shares in the last quarter. Finally, Amundi lifted its position in Tenable by 52.0% in the 2nd quarter. Amundi now owns 88,405 shares of the company’s stock worth $2,974,000 after buying an additional 30,256 shares during the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TENB. Needham & Company LLC upped their target price on Tenable from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Susquehanna decreased their price target on shares of Tenable from $40.00 to $26.00 and set a “positive” rating on the stock in a research note on Friday, May 1st. Stephens boosted their price objective 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. Wall Street Zen cut shares of Tenable from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 24th. Finally, Wells Fargo & Company increased their target price on shares of Tenable from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Tenable presently has a consensus rating of “Hold” and an average target price of $33.42.

Tenable Stock Performance

NASDAQ:TENB opened at $32.25 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. Tenable Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $43.67. The firm has a market cap of $3.56 billion, a PE ratio of -322.50 and a beta of 0.93. The business has a 50 day moving average price of $31.38 and a 200-day moving average price of $24.32.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, April 29th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.41 by $0.06. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The company had revenue of $262.06 million for the quarter, compared to the consensus estimate of $258.83 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. Equities research analysts predict that Tenable Holdings, Inc. will post 0.49 earnings per share for the current year.

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.