American Century Companies Inc. Sells 147,262 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

American Century Companies Inc. reduced its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,232,278 shares of the company’s stock after selling 147,262 shares during the quarter. American Century Companies Inc. owned 1.03% of Tenable worth $48,527,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Readystate Asset Management LP acquired a new position in shares of Tenable during the third quarter valued at about $24,660,000. Assenagon Asset Management S.A. acquired a new position in Tenable in the 4th quarter valued at approximately $15,653,000. FMR LLC lifted its position in shares of Tenable by 2.0% in the 3rd quarter. FMR LLC now owns 15,210,927 shares of the company’s stock worth $616,347,000 after acquiring an additional 305,334 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Tenable by 28.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company’s stock worth $37,294,000 after purchasing an additional 201,366 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Tenable by 430.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 248,117 shares of the company’s stock valued at $9,771,000 after purchasing an additional 201,360 shares during the period. 89.06% of the stock is owned by institutional investors.

Tenable Price Performance

Shares of TENB stock opened at $36.42 on Thursday. Tenable Holdings, Inc. has a 52 week low of $35.25 and a 52 week high of $50.30. The stock has a market capitalization of $4.38 billion, a PE ratio of -121.40 and a beta of 0.87. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The stock’s fifty day moving average is $39.40 and its 200-day moving average is $40.38.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 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%. Equities research analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insider Activity at Tenable

In related news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value of $92,500.00. Following the completion of the sale, the director now directly owns 353 shares in the company, valued at $13,061. This trade represents a 87.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen A. Vintz sold 6,681 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $38.16, for a total transaction of $254,946.96. Following the transaction, the chief executive officer now owns 316,523 shares in the company, valued at approximately $12,078,517.68. The trade was a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,937 shares of company stock valued at $570,418 over the last quarter. Corporate insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TENB shares. Morgan Stanley began coverage on shares of Tenable in a research note on Tuesday, March 18th. They set an “equal weight” rating and a $40.00 price target on the stock. Barclays upped their target price on shares of 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 cut shares of Tenable from a “buy” rating to a “hold” rating and cut their price target for the stock from $46.00 to $45.00 in a research note on Friday, January 17th. Scotiabank upped their price objective on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Tenable in a report on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Tenable presently has an average rating of “Moderate Buy” and a consensus target price of $49.20.

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.