Loomis Sayles & Co. L P Reduces Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Loomis Sayles & Co. L P trimmed its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 2.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 858,338 shares of the company’s stock after selling 19,876 shares during the period. Loomis Sayles & Co. L P’s holdings in Tenable were worth $34,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Mackenzie Financial Corp increased its position in Tenable by 12.7% in the second quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock worth $182,685,000 after buying an additional 471,126 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Tenable by 37.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 719,012 shares of the company’s stock valued at $31,335,000 after acquiring an additional 196,810 shares during the period. Renaissance Technologies LLC purchased a new stake in Tenable in the 2nd quarter worth approximately $7,740,000. Fisher Asset Management LLC raised its stake in Tenable by 17.6% during the 3rd quarter. Fisher Asset Management LLC now owns 1,057,728 shares of the company’s stock worth $42,859,000 after acquiring an additional 158,409 shares during the period. Finally, RGM Capital LLC lifted its holdings in Tenable by 4.5% during the second quarter. RGM Capital LLC now owns 3,539,236 shares of the company’s stock valued at $154,240,000 after purchasing an additional 153,127 shares in the last quarter. 89.06% of the stock is owned by institutional investors.

Tenable Stock Performance

Shares of NASDAQ:TENB opened at $42.74 on Tuesday. The firm has a fifty day simple moving average of $41.02 and a two-hundred day simple moving average of $41.72. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $5.13 billion, a P/E ratio of -83.22 and a beta of 0.83. Tenable Holdings, Inc. has a 52 week low of $35.25 and a 52 week high of $53.50.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Tenable in a research note on Tuesday, October 29th. Piper Sandler cut their price target on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Scotiabank lowered their price objective on Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Susquehanna cut their target price on Tenable from $60.00 to $48.00 and set a “positive” rating for the company in a research report on Thursday, August 1st. Finally, Canaccord Genuity Group decreased their target price on Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Tenable has an average rating of “Moderate Buy” and a consensus price target of $50.81.

Insider Buying and Selling

In other news, COO Mark C. Thurmond sold 2,209 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $89,950.48. Following the sale, the chief operating officer now owns 35,480 shares of the company’s stock, valued at approximately $1,444,745.60. This represents a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Amit Yoran sold 4,828 shares of Tenable stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $196,596.16. Following the transaction, the chief executive officer now directly owns 45,171 shares of the company’s stock, valued at approximately $1,839,363.12. This represents a 9.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,838 shares of company stock worth $400,603. Corporate insiders own 4.30% of the company’s stock.

Tenable 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.