Hsbc Holdings PLC Grows Stock Position in Tenable Holdings, Inc. $TENB

Hsbc Holdings PLC increased its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 19.0% in the second quarter, HoldingsChannel reports. The fund owned 183,446 shares of the company’s stock after purchasing an additional 29,254 shares during the period. Hsbc Holdings PLC’s holdings in Tenable were worth $6,715,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Firetrail Investments PTY Ltd. purchased a new stake in shares of Tenable during the second quarter valued at approximately $8,389,000. Dimensional Fund Advisors LP increased its stake 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 worth $13,827,000 after buying an additional 570,760 shares during the period. BlackRock Inc. purchased a new position in shares of Tenable in the second quarter worth $498,387,000. Arrowstreet Capital Limited Partnership increased its position in shares of Tenable by 175.1% in the first 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. Finally, Quantinno Capital Management LP raised its position in Tenable by 169.7% during the 1st quarter. Quantinno Capital Management LP now owns 232,512 shares of the company’s stock valued at $3,933,000 after purchasing an additional 146,312 shares during the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TENB shares. DA Davidson increased their price target on shares of Tenable from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Needham & Company LLC lifted their price target on shares of Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Stephens boosted their price objective on shares of Tenable from $24.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Scotiabank upgraded shares of Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 price objective on the stock in a report on Monday, July 6th. Finally, Jefferies Financial Group decreased their target price on shares of Tenable from $35.00 to $30.00 and set a “hold” rating for the company 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Tenable has an average rating of “Hold” and an average price target of $34.68.

Tenable Price Performance

Shares of NASDAQ TENB opened at $33.67 on Thursday. Tenable Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $43.67. The firm has a market cap of $3.71 billion, a P/E ratio of 673.53 and a beta of 0.96. The company has a 50 day moving average of $36.18 and a 200 day moving average of $27.31. 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 (NASDAQ:TENB) last issued its earnings results on Wednesday, July 29th. The company reported $0.51 EPS 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 return on equity of 14.90% and a net margin of 0.65%.The company’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.34 EPS. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. As a group, research analysts expect that Tenable Holdings, Inc. will post 0.5 EPS for the current fiscal 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.