Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,300 shares of the company’s stock after buying an additional 3,019 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tenable were worth $2,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Tenable by 2.6% in the third quarter. State Street Corp now owns 2,913,580 shares of the company’s stock worth $118,058,000 after buying an additional 73,293 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Tenable by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock worth $113,255,000 after purchasing an additional 33,303 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Tenable in the fourth quarter worth approximately $15,653,000. Nordea Investment Management AB increased its position in shares of Tenable by 10.4% in the fourth quarter. Nordea Investment Management AB now owns 267,519 shares of the company’s stock worth $10,489,000 after purchasing an additional 25,247 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Tenable by 31.9% in the third quarter. Barclays PLC now owns 731,626 shares of the company’s stock worth $29,646,000 after purchasing an additional 177,048 shares during the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Linda Kay Zecher sold 2,500 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value of $92,500.00. Following the completion of the sale, the director now owns 353 shares of the company’s stock, valued at $13,061. This trade represents a 87.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark C. Thurmond sold 1,341 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the completion of the sale, the chief executive officer now directly owns 41,266 shares of the company’s stock, valued at $1,632,482.96. The trade was a 3.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,937 shares of company stock valued at $570,418 over the last quarter. 4.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Scotiabank upped their price objective on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Morgan Stanley restated an “equal weight” rating and issued a $47.00 price objective (down from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Jefferies Financial Group upped their price objective on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Stifel Nicolaus cut shares of Tenable from a “buy” rating to a “hold” rating and reduced their price target for the company from $46.00 to $45.00 in a research report on Friday, January 17th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of Tenable in a research report on Thursday, February 6th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.67.

Tenable Stock Up 2.3 %

Shares of Tenable stock opened at $36.06 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $50.30. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of -120.20 and a beta of 0.87. The company’s 50 day moving average price is $39.81 and its 200-day moving average price is $40.60.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. Equities research analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

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.