Teacher Retirement System of Texas Purchases 15,691 Shares of Tenable Holdings, Inc. $TENB

Teacher Retirement System of Texas raised its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 10.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,667 shares of the company’s stock after purchasing an additional 15,691 shares during the period. Teacher Retirement System of Texas owned approximately 0.14% of Tenable worth $5,799,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd boosted its stake in Tenable by 184.7% in the second quarter. Y Intercept Hong Kong Ltd now owns 209,411 shares of the company’s stock valued at $7,074,000 after buying an additional 135,848 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Tenable by 18.5% in the second quarter. Envestnet Asset Management Inc. now owns 29,614 shares of the company’s stock worth $1,000,000 after acquiring an additional 4,628 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Tenable by 17.5% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 58,821 shares of the company’s stock worth $1,987,000 after purchasing an additional 8,743 shares in the last quarter. AlphaQuest LLC increased its position in Tenable by 41.9% during the 2nd quarter. AlphaQuest LLC now owns 19,359 shares of the company’s stock worth $654,000 after purchasing an additional 5,713 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its position in Tenable by 2.8% during the 2nd quarter. Stephens Investment Management Group LLC now owns 981,628 shares of the company’s stock worth $33,159,000 after purchasing an additional 26,441 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Price Performance

Shares of NASDAQ TENB opened at $28.84 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.01. The firm has a fifty day simple moving average of $29.95 and a 200 day simple moving average of $31.42. Tenable Holdings, Inc. has a twelve month low of $28.45 and a twelve month high of $45.44. The company has a market capitalization of $3.49 billion, a PE ratio of -106.81 and a beta of 0.73.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The business had revenue of $252.44 million for the quarter, compared to analyst estimates of $247.43 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. The business’s revenue was up 11.2% on a year-over-year basis. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS. Q4 2025 guidance at 0.390-0.430 EPS. On average, sell-side analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wedbush boosted their target price on shares of Tenable from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Canaccord Genuity Group reduced their target price on shares of Tenable from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Tenable in a report on Wednesday, October 8th. DA Davidson set a $32.00 target price on Tenable in a research report on Thursday. Finally, Needham & Company LLC lowered their target price on Tenable from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $38.63.

Insiders Place Their Bets

In other news, insider Barron Anschutz sold 976 shares of Tenable stock in a transaction on Friday, October 17th. The shares were sold at an average price of $29.10, for a total value of $28,401.60. Following the completion of the sale, the insider owned 61,420 shares in the company, valued at $1,787,322. The trade was a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stephen A. Vintz sold 29,196 shares of Tenable stock in a transaction on Monday, August 25th. The shares were sold at an average price of $30.25, for a total transaction of $883,179.00. Following the completion of the sale, the chief executive officer owned 358,949 shares of the company’s stock, valued at $10,858,207.25. This represents a 7.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 64,555 shares of company stock worth $1,951,065 in the last quarter. 1.50% of the stock is currently owned by company insiders.

Tenable Company Profile

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.