Fisher Asset Management LLC Buys 54,364 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Fisher Asset Management LLC lifted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 18.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 346,936 shares of the company’s stock after buying an additional 54,364 shares during the quarter. Fisher Asset Management LLC’s holdings in Tenable were worth $15,980,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TENB. Vanguard Group Inc. lifted its position in Tenable by 2.4% during the third quarter. Vanguard Group Inc. now owns 12,251,265 shares of the company’s stock worth $548,857,000 after acquiring an additional 285,678 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Tenable by 0.5% in the 4th quarter. Mackenzie Financial Corp now owns 3,038,152 shares of the company’s stock valued at $139,937,000 after purchasing an additional 16,515 shares during the period. William Blair Investment Management LLC grew its holdings in Tenable by 36.6% in the 3rd quarter. William Blair Investment Management LLC now owns 3,028,310 shares of the company’s stock valued at $135,668,000 after buying an additional 810,831 shares in the last quarter. Westfield Capital Management Co. LP increased its position in Tenable by 11.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,195,092 shares of the company’s stock worth $98,340,000 after buying an additional 227,977 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Tenable by 15.9% during the third quarter. American Century Companies Inc. now owns 1,791,909 shares of the company’s stock worth $80,278,000 after buying an additional 245,243 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

Tenable Stock Performance

Tenable stock opened at $44.60 on Monday. The business has a 50 day moving average of $47.06 and a 200-day moving average of $45.18. The company has a market capitalization of $5.30 billion, a P/E ratio of -76.90 and a beta of 0.94. Tenable Holdings, Inc. has a 1 year low of $33.85 and a 1 year high of $53.50. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.19 and a quick ratio of 1.19.

Tenable (NASDAQ:TENB) last posted its earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. The firm had revenue of $213.31 million for the quarter, compared to analyst estimates of $206.95 million. Tenable had a negative net margin of 8.18% and a negative return on equity of 10.59%. On average, equities research analysts predict that Tenable Holdings, Inc. will post -0.14 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Mark C. Thurmond sold 1,089 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $47.73, for a total transaction of $51,977.97. Following the completion of the transaction, the chief operating officer now directly owns 48,846 shares of the company’s stock, valued at approximately $2,331,419.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Stephen A. Vintz sold 2,382 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $47.67, for a total value of $113,549.94. Following the sale, the chief financial officer now directly owns 262,969 shares in the company, valued at $12,535,732.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mark C. Thurmond sold 1,089 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $47.73, for a total transaction of $51,977.97. Following the transaction, the chief operating officer now owns 48,846 shares of the company’s stock, valued at approximately $2,331,419.58. The disclosure for this sale can be found here. Insiders have sold a total of 317,382 shares of company stock valued at $15,021,615 over the last 90 days. 4.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TENB. Truist Financial increased their target price on shares of Tenable from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Susquehanna increased their price target on shares of Tenable from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Needham & Company LLC reissued a “buy” rating and issued a $62.00 price objective on shares of Tenable in a research note on Thursday. Morgan Stanley raised Tenable from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $46.00 to $60.00 in a report on Tuesday, January 9th. Finally, Stephens boosted their price target on Tenable from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.20.

About Tenable

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.