Nisa Investment Advisors LLC Has $108,000 Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Nisa Investment Advisors LLC grew its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 74.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,753 shares of the company’s stock after purchasing an additional 1,172 shares during the period. Nisa Investment Advisors LLC’s holdings in Tenable were worth $108,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TENB. FMR LLC increased its holdings in Tenable by 2.0% in the third quarter. FMR LLC now owns 15,210,927 shares of the company’s stock worth $616,347,000 after buying an additional 305,334 shares during the last quarter. State Street Corp raised its holdings in shares of Tenable by 2.6% during the 3rd quarter. State Street Corp now owns 2,913,580 shares of the company’s stock valued at $118,058,000 after purchasing an additional 73,293 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Tenable by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock valued at $113,255,000 after purchasing an additional 33,303 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in Tenable by 0.6% in the third quarter. Penserra Capital Management LLC now owns 1,135,875 shares of the company’s stock worth $46,025,000 after purchasing an additional 7,301 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in Tenable by 17.6% during the third quarter. Fisher Asset Management LLC now owns 1,057,728 shares of the company’s stock worth $42,859,000 after buying an additional 158,409 shares during the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Stephen A. Vintz sold 2,801 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $114,056.72. Following the sale, the chief financial officer now owns 281,536 shares of the company’s stock, valued at $11,464,145.92. The trade was a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Raymond Jr. Vicks sold 809 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total transaction of $31,162.68. Following the transaction, the director now owns 8,659 shares of the company’s stock, valued at approximately $333,544.68. This represents a 8.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,463 shares of company stock worth $894,042 over the last 90 days. Corporate insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TENB. Morgan Stanley reaffirmed an “equal weight” rating and issued a $47.00 price target (down previously from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Piper Sandler decreased their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Barclays dropped their price target on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Finally, Robert W. Baird dropped their target price on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Tenable has an average rating of “Moderate Buy” and a consensus price target of $50.25.

Tenable Price Performance

Shares of NASDAQ:TENB opened at $43.22 on Friday. The firm has a market capitalization of $5.19 billion, a PE ratio of -84.75 and a beta of 0.85. 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 Holdings, Inc. has a 1-year low of $35.25 and a 1-year high of $53.50. The business’s 50 day moving average is $41.40 and its 200-day moving average is $41.41.

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.