Legal & General Group Plc Purchases Shares of 123,341 Tenable Holdings, Inc. $TENB

Legal & General Group Plc purchased a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) during the second quarter, Holdings Channel reports. The fund purchased 123,341 shares of the company’s stock, valued at approximately $4,549,000.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in 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 purchasing an additional 465,039 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Tenable in the 2nd quarter valued at $498,387,000. Ameriprise Financial Inc. raised its holdings in shares of Tenable by 11.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock valued at $209,354,000 after buying an additional 713,291 shares during the period. First Trust Advisors LP lifted its stake 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 acquiring an additional 1,023,671 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Tenable by 175.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock valued at $63,131,000 after acquiring an additional 2,375,587 shares during the period. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Stock Performance

Shares of Tenable stock opened at $34.49 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78. Tenable Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $43.67. The firm’s 50 day moving average is $36.24 and its two-hundred day moving average is $26.98. The firm has a market capitalization of $3.80 billion, a P/E ratio of 689.94 and a beta of 0.96.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. The company had revenue of $268.51 million during 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%. Tenable’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. Research analysts forecast that Tenable Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on TENB. Weiss Ratings upgraded shares of Tenable from a “sell (d-)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised their price target on shares of Tenable from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. Piper Sandler downgraded shares of Tenable from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $35.00 to $30.00 in a research note on Thursday, July 30th. Wells Fargo & Company cut their price objective on Tenable from $43.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Finally, TD Cowen lifted their target price on Tenable from $38.00 to $44.00 and gave the company a “buy” rating in a report on Monday, July 13th. Eight equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $34.68.

Tenable Company 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.