The Manufacturers Life Insurance Company Boosts Stake in Tenable Holdings, Inc. $TENB

The Manufacturers Life Insurance Company boosted its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 16.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,851,229 shares of the company’s stock after purchasing an additional 256,405 shares during the period. The Manufacturers Life Insurance Company’s holdings in Tenable were worth $31,314,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TENB. Quantinno Capital Management LP grew its position in Tenable by 169.7% during the first quarter. Quantinno Capital Management LP now owns 232,512 shares of the company’s stock valued at $3,933,000 after buying an additional 146,312 shares during the period. Lazard Asset Management LLC increased its holdings in Tenable by 7.8% during the first quarter. Lazard Asset Management LLC now owns 63,428 shares of the company’s stock worth $1,073,000 after buying an additional 4,603 shares during the last quarter. Renaissance Technologies LLC raised its position in Tenable by 140.8% in the first quarter. Renaissance Technologies LLC now owns 1,260,100 shares of the company’s stock worth $21,315,000 after acquiring an additional 736,800 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Tenable by 175.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after acquiring an additional 2,375,587 shares during the period. Finally, Capula Management Ltd purchased a new position in Tenable in the first quarter valued at about $202,000. Institutional investors own 89.06% of the company’s stock.

Trending Headlines about Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Tenable exceeded Q2 expectations, reporting adjusted EPS of $0.51 versus the $0.47 consensus and revenue of $268.51 million versus estimates of $264.87 million. Revenue increased 8.6% year over year. Tenable Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management issued stronger-than-expected EPS guidance, forecasting Q3 EPS of $0.49–$0.52 versus the $0.42 consensus and full-year EPS of $1.95–$2.00 versus the $1.66 consensus. The outlook reflects momentum in Tenable One, artificial intelligence offerings and customer expansion. TENB Q2 Earnings Beat and Outlook Raised
• Positive Sentiment: Needham raised its price target to $36 from $30 and Canaccord Genuity increased its target to $36 from $30; both firms maintained or initiated a “buy” view. Needham Raises Tenable Price Target
• Neutral Sentiment: Wells Fargo lowered its target to $35 from $43 while retaining an “equal weight” rating, and Barclays and Truist reaffirmed “hold” ratings. Truist separately reduced its target to $30 from $40, signaling limited near-term conviction.
• Negative Sentiment: Piper Sandler cut its rating on Tenable, adding to investor concerns that the improved outlook may already be reflected in the stock’s valuation. Piper Sandler Cuts Tenable Rating

Tenable Trading Up 0.3%

Shares of TENB stock opened at $32.64 on Friday. The company has a market capitalization of $3.60 billion, a PE ratio of 652.93 and a beta of 0.93. Tenable Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $43.67. The business’s fifty day moving average is $32.10 and its 200 day moving average is $24.61. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The business had revenue of $268.51 million for the quarter, compared to the consensus estimate of $264.87 million. Tenable had a net margin of 0.65% and a return on equity of 13.58%. Tenable’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.34 earnings per share. 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, equities research analysts anticipate that Tenable Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TENB shares. Susquehanna lifted their price target on shares of Tenable from $26.00 to $36.00 and gave the stock a “positive” rating in a report on Thursday. Truist Financial reduced their price objective on Tenable from $40.00 to $30.00 and set a “hold” rating for the company in a report on Thursday. Weiss Ratings raised Tenable from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 9th. Cantor Fitzgerald boosted their target price on Tenable from $30.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Finally, Scotiabank raised Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 price target on the stock in a research report on Monday, July 6th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.68.

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.