MetLife Investment Advisors LLC grew its stake in shares of Tenable Holdings Inc (NASDAQ:TENB) by 178.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,097 shares of the company’s stock after purchasing an additional 8,398 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Tenable were worth $415,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Advisory Services Network LLC raised its stake in Tenable by 1,743.0% during the fourth quarter. Advisory Services Network LLC now owns 1,843 shares of the company’s stock valued at $41,000 after buying an additional 1,743 shares in the last quarter. Meitav Dash Investments Ltd. raised its stake in Tenable by 16.7% during the first quarter. Meitav Dash Investments Ltd. now owns 13,009 shares of the company’s stock valued at $418,000 after buying an additional 1,861 shares in the last quarter. Strs Ohio raised its stake in Tenable by 12.0% during the first quarter. Strs Ohio now owns 21,400 shares of the company’s stock valued at $677,000 after buying an additional 2,300 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Tenable by 193.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,032 shares of the company’s stock valued at $89,000 after buying an additional 2,659 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Tenable by 17.2% during the fourth quarter. Deutsche Bank AG now owns 30,157 shares of the company’s stock valued at $668,000 after buying an additional 4,419 shares in the last quarter. Institutional investors and hedge funds own 53.51% of the company’s stock.
Shares of NASDAQ TENB traded down $0.05 during mid-day trading on Thursday, reaching $30.40. The company had a trading volume of 340,065 shares, compared to its average volume of 740,140. Tenable Holdings Inc has a twelve month low of $20.00 and a twelve month high of $39.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market capitalization of $2.93 billion and a PE ratio of -22.35. The stock has a 50 day simple moving average of $28.02.
In other news, Director John C. Huffard, Jr. sold 30,700 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $26.65, for a total value of $818,155.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Stephen A. Riddick sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $35.04, for a total value of $876,000.00. The disclosure for this sale can be found here. Insiders have sold 279,716 shares of company stock worth $8,829,631 over the last three months. Company insiders own 31.90% of the company’s stock.
Several equities analysts have recently commented on TENB shares. Wedbush reaffirmed a “buy” rating and set a $44.00 target price on shares of Tenable in a report on Monday, May 27th. Zacks Investment Research lowered Zynex from a “hold” rating to a “sell” rating in a research note on Saturday, May 4th. Nomura increased their price target on Square from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Macquarie assumed coverage on Forescout Technologies in a research note on Tuesday. They set a “neutral” rating and a $41.00 price target for the company. Finally, Cowen cut their price objective on Nordstrom from $44.00 to $36.00 and set a “market perform” rating for the company in a research report on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Tenable has an average rating of “Buy” and an average price target of $36.90.
Tenable Company Profile
Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.
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