Healthcare of Ontario Pension Plan Trust Fund Trims Position in Tenable Holdings, Inc. $TENB

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 47.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 250,000 shares of the company’s stock after selling 223,956 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Tenable were worth $4,229,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Tenable by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock worth $363,009,000 after purchasing an additional 465,039 shares during the last quarter. Ameriprise Financial Inc. raised its stake in 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 purchasing an additional 713,291 shares during the period. First Trust Advisors LP boosted its holdings in Tenable by 31.8% in the 4th quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock valued at $99,852,000 after purchasing an additional 1,023,671 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Tenable by 175.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock valued at $63,131,000 after purchasing an additional 2,375,587 shares during the last quarter. Finally, Shapiro Capital Management LLC grew its stake in shares of Tenable by 38.8% in the 3rd quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock valued at $105,336,000 after buying an additional 1,010,230 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

More Tenable News

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Second-quarter results beat expectations: Tenable reported adjusted earnings of $0.51 per share versus the $0.47 consensus estimate, while revenue reached $268.5 million, ahead of the $264.9 million forecast and up 8.6% year over year. Non-GAAP operating margin improved to 24.7%, up 540 basis points, and operating cash flow was $44.7 million. Tenable Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Raised outlook and product momentum: Management forecast third-quarter adjusted EPS of $0.49-$0.52, substantially above the $0.42 analyst estimate, and raised full-year 2026 EPS guidance to $1.95-$2.00 versus the $1.66 consensus. Record adoption of Tenable One, customer expansion and momentum in artificial-intelligence offerings supported the improved outlook. TENB Q2 Earnings Beat on Tenable One Momentum, Outlook Raised
• Positive Sentiment: Some analysts raised targets: Needham and Canaccord Genuity increased their price targets to $36 and maintained “buy” ratings, suggesting additional potential upside from recent trading levels.
• Neutral Sentiment: Tenable launched Always On Hexa AI for autonomous exposure remediation, potentially strengthening its cybersecurity product portfolio, although the near-term financial impact remains uncertain. Tenable Launches Always On Hexa AI
• Negative Sentiment: Analyst caution remains: Truist cut its target to $30 and adopted a “hold” rating, while Wells Fargo lowered its target to $35 and kept an “equal weight” rating. These reductions may limit enthusiasm despite the earnings beat.
• Negative Sentiment: Tenable continues to report a small negative net margin, and its valuation and debt profile could remain concerns if growth or profitability momentum slows.

Analyst Ratings Changes

TENB has been the subject of a number of recent analyst reports. Truist Financial cut their price target on shares of Tenable from $40.00 to $30.00 and set a “hold” rating for the company in a report on Thursday. Morgan Stanley set a $27.00 price objective on Tenable in a report on Thursday, April 30th. William Blair lowered Tenable from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th. Wedbush reissued an “outperform” rating and set a $29.00 target price on shares of Tenable in a research note on Tuesday, May 26th. Finally, Piper Sandler downgraded Tenable from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $35.00 to $30.00 in a research report on Thursday. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $34.68.

Tenable Price Performance

Shares of TENB opened at $32.55 on Friday. The firm has a 50-day simple moving average of $31.95 and a two-hundred day simple moving average of $24.56. The stock has a market cap of $3.59 billion, a PE ratio of 651.13 and a beta of 0.93. Tenable Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $43.67. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. The firm had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. Tenable had a net margin of 0.65% and a return on equity of 13.58%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 EPS. 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 forecast that Tenable Holdings, Inc. will post 0.49 EPS for the current 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.