S Squared Technology LLC Acquires Shares of 90,000 Tenable Holdings, Inc. $TENB

S Squared Technology LLC acquired a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 90,000 shares of the company’s stock, valued at approximately $3,319,200,000. Tenable comprises 1.0% of S Squared Technology LLC’s portfolio, making the stock its 24th biggest holding.

A number of other hedge funds have also modified their holdings of TENB. Vanguard Group Inc. increased its holdings in shares of Tenable by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock valued at $363,009,000 after acquiring an additional 465,039 shares during the period. BlackRock Inc. acquired a new stake in Tenable during the 2nd quarter worth $498,387,000. Ameriprise Financial Inc. boosted its stake in Tenable by 11.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock worth $209,354,000 after purchasing an additional 713,291 shares during the period. 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 last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Tenable by 175.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after purchasing an additional 2,375,587 shares during the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TENB has been the subject of a number of research reports. Wedbush reaffirmed an “outperform” rating and issued a $29.00 target price on shares of Tenable in a report on Tuesday, May 26th. Canaccord Genuity Group raised their price target on Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Morgan Stanley set a $27.00 price target on Tenable in a research report on Thursday, April 30th. Wells Fargo & Company reduced their price objective on Tenable from $43.00 to $35.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Finally, Stifel Nicolaus lifted their target price on Tenable from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Tenable presently has an average rating of “Hold” and an average price target of $34.68.

Tenable Stock Down 1.3%

Shares of Tenable stock opened at $33.94 on Tuesday. The company has a market cap of $3.74 billion, a P/E ratio of 678.94 and a beta of 0.94. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79. Tenable Holdings, Inc. has a one year low of $15.73 and a one year high of $43.67. The firm has a fifty day moving average of $34.88 and a two-hundred day moving average of $26.19.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. The business had revenue of $268.51 million for the quarter, compared to the consensus estimate of $264.87 million. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. On average, analysts forecast that Tenable Holdings, Inc. will post 0.5 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.