State of New Jersey Common Pension Fund D Has $2.03 Million Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

State of New Jersey Common Pension Fund D raised its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,463 shares of the company’s stock after purchasing an additional 3,551 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Tenable were worth $2,027,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Rhumbline Advisers lifted its position in shares of Tenable by 2.2% during the 4th quarter. Rhumbline Advisers now owns 165,650 shares of the company’s stock worth $6,523,000 after buying an additional 3,554 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Tenable by 18.3% in the fourth quarter. Vontobel Holding Ltd. now owns 202,809 shares of the company’s stock worth $7,987,000 after acquiring an additional 31,359 shares during the last quarter. Entropy Technologies LP lifted its holdings in shares of Tenable by 62.9% in the fourth quarter. Entropy Technologies LP now owns 13,708 shares of the company’s stock worth $540,000 after acquiring an additional 5,294 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Tenable by 21.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,082 shares of the company’s stock valued at $359,000 after purchasing an additional 1,603 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Tenable during the 4th quarter valued at approximately $126,000. Institutional investors own 89.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on TENB. Morgan Stanley reissued an “equal weight” rating and issued a $47.00 price objective (down previously from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Barclays increased their price target on Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Stifel Nicolaus lowered Tenable from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Tenable in a research report on Thursday, February 6th. Finally, Westpark Capital restated a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Tenable currently has an average rating of “Moderate Buy” and an average price target of $49.67.

Tenable Price Performance

Tenable stock opened at $38.37 on Monday. The stock’s 50 day moving average is $40.74 and its 200 day moving average is $41.05. Tenable Holdings, Inc. has a one year low of $35.25 and a one year high of $50.30. The firm has a market cap of $4.61 billion, a P/E ratio of -127.90 and a beta of 0.87. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28.

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

Insider Activity at Tenable

In other Tenable news, Director Raymond Jr. Vicks sold 809 shares of Tenable stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the completion of the sale, the director now directly owns 8,659 shares in the company, valued at approximately $333,544.68. The trade was a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark C. Thurmond sold 1,341 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total value of $53,049.96. Following the completion of the transaction, the chief executive officer now directly owns 41,266 shares in the company, valued at approximately $1,632,482.96. This trade represents a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.30% of the stock is owned by company insiders.

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.