18,785 Tenable Holdings, Inc. $TENB Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 313.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,782 shares of the company’s stock after acquiring an additional 18,785 shares during the quarter. State of Alaska Department of Revenue’s holdings in Tenable were worth $901,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Tenable in the 2nd quarter valued at approximately $498,387,000. The Manufacturers Life Insurance Company acquired a new position in Tenable during the 2nd quarter worth approximately $76,759,000. Arrowstreet Capital Limited Partnership increased 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 in the last quarter. Freestone Grove Partners LP acquired a new position in Tenable during the 2nd quarter worth approximately $42,489,000. Finally, Bank of America Corp DE bought a new position in Tenable in the 2nd quarter valued at approximately $30,884,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Trading Up 4.3%

TENB opened at $40.67 on Thursday. Tenable Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $43.67. The company has a fifty day moving average of $36.40 and a 200-day moving average of $31.06. The stock has a market cap of $4.48 billion, a PE ratio of 111.37 and a beta of 1.01. 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 released its earnings results 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 business had revenue of $268.51 million for the quarter, compared to analyst estimates 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 previous year, the business 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, sell-side analysts predict that Tenable Holdings, Inc. will post 0.50 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on TENB shares. Weiss Ratings upgraded shares of Tenable from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Tenable from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. Truist Financial upped their target price on Tenable from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Tuesday. Needham & Company LLC increased their target price on Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Scotiabank raised Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 price target on the stock in a research note on Monday, July 6th. Eight analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $35.60.

Tenable Profile

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company’s product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.