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

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 550,269 shares of the company’s stock, valued at approximately $20,294,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Tenable by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock valued at $363,009,000 after buying an additional 465,039 shares during the last quarter. BlackRock Inc. bought a new position in Tenable in the 2nd quarter worth approximately $498,387,000. Ameriprise Financial Inc. lifted its holdings in shares of Tenable by 11.0% during the third quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock worth $209,354,000 after buying an additional 713,291 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Tenable by 31.8% during the fourth quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock worth $99,852,000 after buying an additional 1,023,671 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted 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. Institutional investors own 89.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TENB shares. Stephens raised 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. Wedbush reiterated an “outperform” rating and set a $29.00 target price on shares of Tenable in a research note on Tuesday, May 26th. Jefferies Financial Group reduced their price target on shares of Tenable from $35.00 to $30.00 and set a “hold” rating for the company in a report on Thursday, July 30th. Robert W. Baird set a $34.00 price target on shares of Tenable in a research report on Thursday, April 30th. Finally, Canaccord Genuity Group boosted their price objective on shares of Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Tenable presently has an average rating of “Hold” and a consensus target price of $34.68.

Tenable Stock Performance

Shares of NASDAQ:TENB opened at $32.79 on Wednesday. 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 business’s fifty day moving average price is $35.00 and its two-hundred day moving average price is $26.29. Tenable Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $43.67. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 655.93 and a beta of 0.94.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The company had revenue of $268.51 million during the quarter, compared to analysts’ expectations of $264.87 million. During the same period last year, the business earned $0.34 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. 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, analysts predict that Tenable Holdings, Inc. will post 0.5 EPS for the current fiscal year.

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.