American Century Companies Inc. Has $48.53 Million Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

American Century Companies Inc. reduced its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,232,278 shares of the company’s stock after selling 147,262 shares during the quarter. American Century Companies Inc.’s holdings in Tenable were worth $48,527,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TENB. Readystate Asset Management LP bought a new position in Tenable during the 3rd quarter worth approximately $24,660,000. Assenagon Asset Management S.A. bought a new position in shares of Tenable during the fourth quarter worth $15,653,000. FMR LLC grew its holdings in shares of Tenable by 2.0% in the 3rd quarter. FMR LLC now owns 15,210,927 shares of the company’s stock valued at $616,347,000 after buying an additional 305,334 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Tenable by 28.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company’s stock valued at $37,294,000 after buying an additional 201,366 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in Tenable by 430.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 248,117 shares of the company’s stock worth $9,771,000 after buying an additional 201,360 shares during the period. 89.06% of the stock is owned by institutional investors.

Tenable Price Performance

NASDAQ:TENB opened at $36.42 on Thursday. The stock’s 50-day simple moving average is $39.40 and its 200 day simple moving average is $40.38. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $50.30. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $4.38 billion, a P/E ratio of -121.40 and a beta of 0.87.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. As a group, sell-side analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TENB. Jefferies Financial Group boosted their target price on Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Stifel Nicolaus cut Tenable from a “buy” rating to a “hold” rating and lowered their target price for the stock from $46.00 to $45.00 in a research note on Friday, January 17th. Morgan Stanley started coverage on shares of Tenable in a report on Tuesday, March 18th. They set an “equal weight” rating and a $40.00 target price on the stock. Barclays upped their price target on shares of Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Tenable in a research report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $49.20.

Insider Activity

In other news, CEO Mark C. Thurmond sold 1,341 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the completion of the sale, the chief executive officer now directly owns 41,266 shares of the company’s stock, valued at $1,632,482.96. This trade represents a 3.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Linda Kay Zecher sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value of $92,500.00. Following the transaction, the director now directly owns 353 shares in the company, valued at $13,061. The trade was a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,937 shares of company stock valued at $570,418 in the last quarter. Company insiders own 4.30% of the company’s stock.

Tenable Company Profile

Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization’s IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.