Franklin Resources Inc. Raises Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Franklin Resources Inc. raised its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 7.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 448,586 shares of the company’s stock after buying an additional 30,530 shares during the period. Franklin Resources Inc. owned about 0.37% of Tenable worth $18,984,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its holdings in Tenable by 2.0% in the third quarter. FMR LLC now owns 15,210,927 shares of the company’s stock valued at $616,347,000 after acquiring an additional 305,334 shares during the period. Mackenzie Financial Corp increased its holdings in Tenable by 12.7% during the second quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock valued at $182,685,000 after buying an additional 471,126 shares during the last quarter. RGM Capital LLC raised its position in Tenable by 4.5% in the second quarter. RGM Capital LLC now owns 3,539,236 shares of the company’s stock worth $154,240,000 after acquiring an additional 153,127 shares during the period. State Street Corp increased its stake in shares of Tenable by 2.6% in the 3rd quarter. State Street Corp now owns 2,913,580 shares of the company’s stock worth $118,058,000 after purchasing an additional 73,293 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Tenable by 1.2% in the 3rd 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 period. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Barclays reduced their price target on Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Jefferies Financial Group lifted their price target on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a report on Thursday. Piper Sandler decreased their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Robert W. Baird dropped their target price on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Westpark Capital restated a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.63.

Insider Buying and Selling

In related news, CEO Amit Yoran sold 4,828 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $196,596.16. Following the completion of the sale, the chief executive officer now owns 45,171 shares in the company, valued at approximately $1,839,363.12. The trade was a 9.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen A. Vintz sold 2,801 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $114,056.72. Following the transaction, the chief financial officer now owns 281,536 shares in the company, valued at $11,464,145.92. The trade was a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,654 shares of company stock valued at $862,879. Insiders own 4.30% of the company’s stock.

Tenable Price Performance

TENB stock opened at $40.94 on Friday. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $53.50. The company has a 50-day moving average price of $41.69 and a 200 day moving average price of $41.55. The stock has a market cap of $4.92 billion, a PE ratio of -80.27 and a beta of 0.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

Tenable Company Profile

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.