Tenable Holdings, Inc. $TENB Position Lowered by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 11.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,022 shares of the company’s stock after selling 11,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.08% of Tenable worth $3,130,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Tenable during the 2nd quarter worth about $498,387,000. Arrowstreet Capital Limited Partnership increased its position in shares of Tenable by 175.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock valued at $63,131,000 after buying an additional 2,375,587 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Tenable in the second quarter worth about $76,759,000. Freestone Grove Partners LP purchased a new stake in shares of Tenable in the second quarter worth about $42,489,000. Finally, SEB Asset Management AB purchased a new stake in shares of Tenable in the first quarter worth about $18,935,000. 89.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TENB shares. Canaccord Genuity Group boosted their price target on shares of Tenable from $36.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Susquehanna raised their price target on Tenable from $36.00 to $55.00 and gave the company a “positive” rating in a report on Thursday, October 29th. Yorkville Ives assumed coverage on Tenable in a research report on Tuesday, October 6th. They set an “outperform” rating and a $45.00 price target for the company. Robert W. Baird set a $55.00 price objective on Tenable in a report on Thursday. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Tenable in a research note on Thursday. Ten analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $46.25.

Tenable Trading Down 6.5%

Shares of TENB opened at $47.45 on Tuesday. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 365.03 and a beta of 1.01. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79. Tenable Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $53.22. The firm has a 50 day moving average price of $38.29 and a 200-day moving average price of $28.90.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, October 28th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Tenable had a return on equity of 20.80% and a net margin of 1.48%. The company had revenue of $276.39 million during the quarter, compared to analyst estimates of $271.58 million. During the same quarter in the previous year, the company posted $0.42 EPS. Tenable’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities research analysts forecast that Tenable Holdings, Inc. will post 0.58 earnings per share for the current year.

About Tenable

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.