The Manufacturers Life Insurance Company Takes Position in Tenable Holdings, Inc. $TENB

The Manufacturers Life Insurance Company acquired a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) in the second quarter, Holdings Channel reports. The fund acquired 2,081,312 shares of the company’s stock, valued at approximately $76,759,000.

A number of other large investors have also recently bought and sold shares of the stock. Quarry LP acquired a new position in Tenable during the third quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Tenable in the 4th quarter valued at $28,000. Quadrant Capital Group LLC bought a new stake in shares of Tenable in the 4th quarter worth about $38,000. Horizon Investments LLC bought a new stake in shares of Tenable in the 3rd quarter worth about $45,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Tenable during the 4th quarter worth about $48,000. 89.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. DA Davidson lifted their price target on shares of Tenable from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Canaccord Genuity Group raised 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. Stephens lifted their target price on shares of Tenable from $24.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Morgan Stanley set a $27.00 target price on Tenable in a report on Thursday, April 30th. Finally, Wall Street Zen upgraded Tenable from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.68.

Tenable Stock Down 3.4%

Shares of NASDAQ TENB opened at $32.79 on Wednesday. Tenable Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $43.67. The firm’s 50-day simple moving average is $35.00 and its 200 day simple moving average is $26.29. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 655.93 and a beta of 0.94.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The firm had revenue of $268.51 million during the quarter, compared to analysts’ expectations of $264.87 million. During the same quarter last year, the company posted $0.34 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. On average, research analysts expect that Tenable Holdings, Inc. will post 0.5 earnings per share 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.