RGM Capital LLC Has $135.31 Million Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

RGM Capital LLC reduced its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 5.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,339,236 shares of the company’s stock after selling 200,000 shares during the period. Tenable accounts for about 5.9% of RGM Capital LLC’s portfolio, making the stock its 7th largest holding. RGM Capital LLC’s holdings in Tenable were worth $135,306,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new stake in shares of Tenable in the first quarter valued at about $300,000. Price T Rowe Associates Inc. MD grew its stake in Tenable by 0.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 898,744 shares of the company’s stock valued at $44,426,000 after purchasing an additional 7,258 shares in the last quarter. Tidal Investments LLC increased its position in shares of Tenable by 157.8% during the 1st quarter. Tidal Investments LLC now owns 23,268 shares of the company’s stock worth $1,150,000 after purchasing an additional 14,244 shares during the last quarter. Washington Harbour Partners LP raised its stake in shares of Tenable by 247.9% during the 1st quarter. Washington Harbour Partners LP now owns 128,015 shares of the company’s stock worth $6,328,000 after purchasing an additional 91,215 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Tenable by 314.7% in the second quarter. Harbor Capital Advisors Inc. now owns 30,963 shares of the company’s stock valued at $1,349,000 after buying an additional 23,497 shares in the last quarter. 89.06% of the stock is owned by institutional investors.

Insider Activity at Tenable

In other Tenable news, CEO Amit Yoran sold 4,828 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $196,596.16. Following the transaction, the chief executive officer now owns 45,171 shares in the company, valued at approximately $1,839,363.12. This represents a 9.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen A. Vintz sold 2,801 shares of the business’s stock in a transaction that occurred on 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 approximately $11,464,145.92. This represents a 0.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,654 shares of company stock worth $862,879 in the last 90 days. Corporate insiders own 4.30% of the company’s stock.

Tenable Trading Up 0.6 %

Shares of TENB stock traded up $0.27 on Wednesday, hitting $43.01. The company had a trading volume of 541,205 shares, compared to its average volume of 1,197,086. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $53.50. 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 firm has a market cap of $5.17 billion, a P/E ratio of -84.33 and a beta of 0.83. The stock’s 50-day moving average is $41.13 and its two-hundred day moving average is $41.69.

Analyst Upgrades and Downgrades

A number of analysts have commented on TENB shares. Barclays cut their price target on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company reduced their target price on Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target on shares of Tenable in a research note on Tuesday, October 29th. Canaccord Genuity Group cut their price target on Tenable from $57.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, Susquehanna decreased their price objective on shares of Tenable from $60.00 to $48.00 and set a “positive” rating on the stock in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $50.81.

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.