Firetrail Investments PTY Ltd. Makes New Investment in Tenable Holdings, Inc. $TENB

Firetrail Investments PTY Ltd. bought a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) in the second quarter, Holdings Channel reports. The fund bought 228,861 shares of the company’s stock, valued at approximately $8,389,000. Tenable makes up approximately 2.4% of Firetrail Investments PTY Ltd.’s holdings, making the stock its 22nd biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in Tenable by 231.4% during the first quarter. Dimensional Fund Advisors LP now owns 817,447 shares of the company’s stock valued at $13,827,000 after acquiring an additional 570,760 shares in the last quarter. UBS Group AG lifted its stake in Tenable by 327.6% in the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock worth $72,768,000 after purchasing an additional 2,369,402 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Tenable by 175.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after purchasing an additional 2,375,587 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Tenable by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock valued at $363,009,000 after purchasing an additional 465,039 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in Tenable by 19.0% in the 4th quarter. Hsbc Holdings PLC now owns 173,914 shares of the company’s stock valued at $4,109,000 after purchasing an additional 27,825 shares during the period. 89.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TENB has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Tenable from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Wells Fargo & Company dropped their price objective on Tenable from $43.00 to $35.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Needham & Company LLC boosted their target price on Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded Tenable from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group decreased their target price on Tenable from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $34.68.

Tenable Stock Performance

NASDAQ TENB opened at $38.33 on Monday. Tenable Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $43.67. The company has a fifty day moving average of $33.95 and a 200-day moving average of $25.64. The company has a market capitalization of $4.22 billion, a P/E ratio of 766.75 and a beta of 0.94. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The business had revenue of $268.51 million for the quarter, compared to analysts’ expectations of $264.87 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. 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, equities research analysts predict that Tenable Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Tenable 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.