Assessing Technology One (ASX:TNE) Valuation After BlackRock Steps Back From Substantial Holding

Simply Wall St.

Apr 13

BlackRock Group has disclosed that it no longer holds a substantial voting interest in Technology One (ASX:TNE). This change shifts the company’s institutional shareholder mix and draws fresh ...

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This change shifts the company’s institutional shareholder mix and draws fresh ...</p>\n\n<a href=\"https://simplywall.st/stocks/au/software/asx-tne/technology-one-shares/news/assessing-technology-one-asxtne-valuation-after-blackrock-st\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Assessing Technology One (ASX:TNE) Valuation After BlackRock Steps Back From Substantial Holding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAssessing Technology One (ASX:TNE) Valuation After BlackRock Steps Back From Substantial Holding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-13 12:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/au/software/asx-tne/technology-one-shares/news/assessing-technology-one-asxtne-valuation-after-blackrock-st><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BlackRock Group has disclosed that it no longer holds a substantial voting interest in Technology One (ASX:TNE). This change shifts the company’s institutional shareholder mix and draws fresh ...</p>\n\n<a href=\"https://simplywall.st/stocks/au/software/asx-tne/technology-one-shares/news/assessing-technology-one-asxtne-valuation-after-blackrock-st\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TNE.AU","symbol_name":"TECHNOLOGY ONE LTD","start_time":0,"source_url":"https://simplywall.st/stocks/au/software/asx-tne/technology-one-shares/news/assessing-technology-one-asxtne-valuation-after-blackrock-st","article_id":"2627489106","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/8041000-choice2-main-header/1585186556238"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/au/software/asx-tne/technology-one-shares/news/assessing-technology-one-asxtne-valuation-after-blackrock-st","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2627489106","pubTimestamp":1776055271,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"BlackRock Group has disclosed that it no longer holds a substantial voting interest in Technology One (ASX:TNE). This change shifts the company’s institutional shareholder mix and draws fresh attention to the stock’s liquidity and support base.\nSee our latest analysis for Technology One.\nFollowing BlackRock’s exit as a substantial holder, Technology One’s share price is at A$27.69, with a 7 day share price return of 2.9% and a 1 year total shareholder return of 1.1%, while the 5 year total...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TNE.AU":"TECHNOLOGY ONE LTD","BLK":"贝莱德"},"translate_title":"贝莱德退出大量持股后评估Technology One(ASX：TNE)的估值","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TNE.AU":1.5,"BLK":1.5},"content_text":"BlackRock Group has disclosed that it no longer holds a substantial voting interest in Technology One (ASX:TNE). This change shifts the company’s institutional shareholder mix and draws fresh attention to the stock’s liquidity and support base. See our latest analysis for Technology One. Following BlackRock’s exit as a substantial holder, Technology One’s share price is at A$27.69, with a 7 day share price return of 2.9% and a 1 year total shareholder return of 1.1%, while the 5 year total shareholder return of 205.3% reflects a strong longer term journey. If you are looking beyond Technology One and want fresh ideas in software and adjacent themes, it could be a good time to check out 68 profitable AI stocks that aren't just burning cash With Technology One trading at A$27.69 and sitting close to analyst targets, the key question is whether the current price already reflects its growth profile or if BlackRock’s exit has opened up a genuine buying opportunity that markets are not fully pricing in. AdvertisementMost Popular Narrative: 14.1% Undervalued At A$27.69, the most followed narrative implies a fair value of A$32.23, suggesting the current price sits below what that model considers reasonable. The market may be excessively pricing in rapid, sustained ARR (annual recurring revenue) and margin expansion due to strong SaaS+ adoption, underestimating the risk of intensifying competition and regulatory headwinds that could slow customer wins, elongate sales cycles, or pressure pricing, ultimately impacting future revenue growth and margins. Read the complete narrative. Curious what kind of revenue growth, margin profile, and future earnings multiple need to line up for that fair value to work? The full narrative spells out the assumptions, step by step, so you can test them against your own view. Result: Fair Value of A$32.23 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this hinges on risks such as increased competition in ERP and tighter data or cybersecurity regulation, which could pressure pricing power and future margins. Find out about the key risks to this Technology One narrative. Another View: Multiples Paint a Richer Picture While the popular narrative suggests Technology One is 14.1% undervalued, the current P/E of 65.7x tells a different story. That is well above the Australian Software industry at 22x, peers at 40.1x, and the fair ratio of 27.9x. This combination signals meaningful valuation risk if sentiment cools. For a closer look at how this valuation gap could close, and what that might mean for future returns, See what the numbers say about this price — find out in our valuation breakdown. ASX:TNE P/E Ratio as at Apr 2026Next Steps Given the mix of optimism and valuation risk in the story so far, it helps to move quickly and test the numbers yourself, starting with 2 key rewards. Looking for more investment ideas? If you stop with just one stock today, you might miss opportunities that fit your goals even better, so take a few minutes to scan wider.  Target steady cash generators with strong income potential by reviewing 7 dividend fortresses that could complement a portfolio focused on regular payouts. Spot quality at a sensible price by checking 8 high quality undervalued stocks that combine solid fundamentals with room for a better market view. Prioritise resilience and capital preservation by scanning 9 resilient stocks with low risk scores designed to keep overall portfolio risk in check.   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if Technology One might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding,express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}