Hsbc Holdings PLC Acquires Shares of 183,446 Tenable Holdings, Inc. $TENB

Hsbc Holdings PLC bought a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 183,446 shares of the company’s stock, valued at approximately $6,715,000.

A number of other large investors have also modified their holdings of the business. Firetrail Investments PTY Ltd. acquired a new stake in shares of Tenable in the 2nd quarter worth about $8,389,000. Dimensional Fund Advisors LP boosted its stake in Tenable by 231.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 817,447 shares of the company’s stock valued at $13,827,000 after purchasing an additional 570,760 shares during the last quarter. UBS Group AG boosted its stake in Tenable by 327.6% during the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock valued at $72,768,000 after purchasing an additional 2,369,402 shares during the last quarter. BlackRock Inc. bought a new stake in Tenable during the 2nd quarter worth approximately $498,387,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Tenable by 175.1% during 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. 89.06% of the stock is owned by hedge funds and other institutional investors.

Tenable Trading Up 0.1%

Shares of TENB stock opened at $37.67 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 753.55 and a beta of 0.94. Tenable Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $43.67. The company has a 50-day simple moving average of $35.57 and a two-hundred day simple moving average of $26.58.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The firm had revenue of $268.51 million for the quarter, compared to analysts’ expectations of $264.87 million. During the same quarter last year, the firm earned $0.34 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. Research analysts anticipate that Tenable Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TENB shares. Susquehanna raised their target price on Tenable from $26.00 to $36.00 and gave the company a “positive” rating in a report on Thursday, July 30th. Cantor Fitzgerald upped their price target on Tenable from $30.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. UBS Group lowered their price target on Tenable from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Wall Street Zen upgraded Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, Piper Sandler cut Tenable from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $35.00 to $30.00 in a research note on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Tenable presently has a consensus rating of “Hold” and an average price target of $34.68.

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.