Assenagon Asset Management S.A. Has $38.18 Million Stock Position in Tenable Holdings, Inc. $TENB

Assenagon Asset Management S.A. lowered its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 36.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,622,476 shares of the company’s stock after selling 926,846 shares during the quarter. Assenagon Asset Management S.A. owned about 1.36% of Tenable worth $38,177,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Tenable by 5.5% during the third quarter. Vanguard Group Inc. now owns 14,962,471 shares of the company’s stock worth $436,306,000 after acquiring an additional 778,699 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Tenable by 11.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock worth $209,354,000 after purchasing an additional 713,291 shares during the period. Shapiro Capital Management LLC boosted its stake in Tenable by 38.8% in the 3rd quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock worth $105,336,000 after purchasing an additional 1,010,230 shares during the period. First Trust Advisors LP increased its holdings in Tenable by 9.6% during the 3rd quarter. First Trust Advisors LP now owns 3,219,954 shares of the company’s stock worth $93,894,000 after purchasing an additional 282,265 shares in the last quarter. Finally, State Street Corp increased its holdings in Tenable by 1.4% during the 2nd quarter. State Street Corp now owns 3,056,055 shares of the company’s stock worth $103,234,000 after purchasing an additional 43,098 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insiders Place Their Bets

In related news, Director Arthur W. Coviello, Jr. purchased 12,000 shares of the stock in a transaction on Monday, February 9th. The shares were purchased at an average price of $21.50 per share, with a total value of $258,000.00. Following the transaction, the director directly owned 51,731 shares of the company’s stock, valued at $1,112,216.50. This trade represents a 30.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Tenable Trading Down 4.4%

Tenable stock opened at $18.11 on Thursday. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -60.36 and a beta of 0.67. The firm has a 50-day moving average of $20.96 and a 200-day moving average of $25.10. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.95 and a quick ratio of 0.95. Tenable Holdings, Inc. has a one year low of $17.27 and a one year high of $37.10.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.The business had revenue of $260.53 million for the quarter, compared to the consensus estimate of $251.79 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. Tenable’s quarterly revenue was up 10.5% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. On average, equities analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TENB. Zacks Research lowered Tenable from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price objective on shares of Tenable in a report on Thursday, February 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Tenable in a research report on Thursday, January 22nd. Truist Financial set a $27.00 target price on Tenable in a research note on Tuesday, January 20th. Finally, UBS Group reduced their price target on Tenable from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $30.50.

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.