Glenmede Trust Co. NA Makes New $269,000 Investment in Tenable Holdings, Inc. $TENB

Glenmede Trust Co. NA bought a new position in Tenable Holdings, Inc. (NASDAQ:TENB) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,878 shares of the company’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its stake in shares of Tenable by 175.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after acquiring an additional 2,375,587 shares during the period. UBS Group AG lifted its position in Tenable by 327.6% in the fourth 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 period. Norges Bank purchased a new stake in Tenable in the 4th quarter valued at approximately $44,542,000. SEB Asset Management AB acquired a new position in Tenable during the 1st quarter worth approximately $18,935,000. Finally, First Trust Advisors LP increased its position in Tenable by 31.8% during the 4th quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock worth $99,852,000 after purchasing an additional 1,023,671 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Tenable from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Morgan Stanley set a $27.00 price objective on Tenable in a report on Thursday, April 30th. William Blair cut Tenable from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th. UBS Group reduced their target price on Tenable from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Finally, Canaccord Genuity Group boosted their target price on shares of Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.68.

Tenable Price Performance

Shares of NASDAQ TENB opened at $36.38 on Monday. Tenable Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $43.67. The company has a market capitalization of $4.01 billion, a PE ratio of 727.75 and a beta of 0.94. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. The firm’s 50-day moving average is $33.09 and its two-hundred day moving average is $25.10.

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

Tenable Company 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.