Diversified Trust Co boosted its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB – Free Report) by 231.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,288 shares of the company’s stock after buying an additional 19,762 shares during the quarter. Diversified Trust Co’s holdings in Tenable were worth $478,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Tenable by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock valued at $363,009,000 after purchasing an additional 465,039 shares during the period. Ameriprise Financial Inc. boosted its holdings in Tenable by 11.0% in the third quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock valued at $209,354,000 after purchasing an additional 713,291 shares during the last quarter. First Trust Advisors LP grew its position in Tenable by 31.8% during the 4th quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock worth $99,852,000 after purchasing an additional 1,023,671 shares during the period. Shapiro Capital Management LLC grew its position in Tenable by 38.8% during the 3rd quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock worth $105,336,000 after purchasing an additional 1,010,230 shares during the period. Finally, UBS Group AG raised its stake 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 buying an additional 2,369,402 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.
Tenable Stock Performance
NASDAQ TENB opened at $27.44 on Friday. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of -274.40 and a beta of 0.99. Tenable Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $35.69. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. The stock has a 50-day moving average of $24.22 and a 200 day moving average of $22.42.
Analyst Ratings Changes
Several brokerages have recently issued reports on TENB. Susquehanna decreased their price objective on Tenable from $40.00 to $26.00 and set a “positive” rating for the company in a report on Friday, May 1st. Wells Fargo & Company raised their target price on Tenable from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. DA Davidson boosted their price target on Tenable from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Jefferies Financial Group boosted their price target on Tenable from $22.00 to $27.00 and gave the company a “hold” rating in a report on Friday, May 22nd. Finally, William Blair lowered Tenable from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th. Nine investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $29.16.
Check Out Our Latest Analysis on Tenable
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.
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