SEB Asset Management AB Acquires New Shares in Tenable Holdings, Inc. $TENB

SEB Asset Management AB acquired a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the 1st quarter, Holdings Channel.com reports. The firm acquired 1,119,449 shares of the company’s stock, valued at approximately $18,935,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quarry LP acquired a new position in Tenable in the third quarter valued at about $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Tenable during the fourth quarter worth about $28,000. Signaturefd LLC lifted its holdings in shares of Tenable by 312.9% during the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after purchasing an additional 948 shares in the last quarter. Horizon Investments LLC bought a new position in shares of Tenable during the 3rd quarter valued at about $45,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of Tenable in the 4th quarter valued at approximately $38,000. 89.06% of the stock is currently owned by institutional investors.

Tenable Price Performance

Shares of TENB stock opened at $39.88 on Monday. The firm’s fifty day moving average price is $30.10 and its two-hundred day moving average price is $23.95. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. Tenable Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $43.67. The firm has a market capitalization of $4.40 billion, a P/E ratio of -398.80 and a beta of 0.93.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.41 by $0.06. The firm had revenue of $262.06 million during the quarter, compared to analysts’ expectations of $258.83 million. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 earnings per share. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. On average, equities analysts predict that Tenable Holdings, Inc. will post 0.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on TENB shares. TD Cowen increased their target price on Tenable from $38.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Needham & Company LLC lifted their price target on shares of Tenable from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Jefferies Financial Group upped their price target on shares of Tenable from $22.00 to $27.00 and gave the company a “hold” rating in a report on Friday, May 22nd. Wall Street Zen downgraded shares of Tenable from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 24th. Finally, Susquehanna dropped their price objective on shares of Tenable from $40.00 to $26.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Tenable has an average rating of “Hold” and a consensus price target of $31.95.

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.