Connor Clark & Lunn Investment Management Ltd. Makes New $20.29 Million Investment in Tenable Holdings, Inc. $TENB

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Tenable Holdings, Inc. (NASDAQ:TENB) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 550,269 shares of the company’s stock, valued at approximately $20,294,000. Connor Clark & Lunn Investment Management Ltd. owned 0.50% of Tenable at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Firetrail Investments PTY Ltd. acquired a new position in Tenable in the second quarter worth approximately $8,389,000. Dimensional Fund Advisors LP increased its holdings in shares of Tenable by 231.4% in the first quarter. Dimensional Fund Advisors LP now owns 817,447 shares of the company’s stock valued at $13,827,000 after buying an additional 570,760 shares in the last quarter. UBS Group AG lifted its position 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 acquiring an additional 2,369,402 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of 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 last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Tenable by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock worth $363,009,000 after acquiring an additional 465,039 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on TENB. Morgan Stanley set a $27.00 price objective on Tenable in a report on Thursday, April 30th. Truist Financial decreased their target price on shares of Tenable from $40.00 to $30.00 and set a “hold” rating for the company in a report on Thursday, July 30th. Piper Sandler cut shares of Tenable from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $35.00 to $30.00 in a report on Thursday, July 30th. Wells Fargo & Company dropped their target price on shares of 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, Needham & Company LLC boosted their price target on shares of Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Eight 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $34.68.

Tenable Price Performance

NASDAQ TENB opened at $32.79 on Wednesday. Tenable Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $43.67. The stock’s 50-day moving average is $35.00 and its two-hundred day moving average is $26.29. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $3.61 billion, a P/E ratio of 655.93 and a beta of 0.94.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $268.51 million during the quarter, compared to analysts’ expectations of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%.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 anticipate that Tenable Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

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.