VirnetX Holding Co. (NYSE:VHC) shares were up 6.3% during mid-day trading on Tuesday . The stock traded as high as $4.80 and last traded at $4.25. Approximately 839,071 shares changed hands during mid-day trading, an increase of 166% from the average daily volume of 315,621 shares. The stock had previously closed at $4.00.

Separately, ValuEngine upgraded VirnetX Holding from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th.

The firm’s market capitalization is $247.81 million. The stock has a 50-day moving average of $3.69 and a 200-day moving average of $3.45.

Hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. boosted its position in VirnetX Holding by 1.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 27,345 shares of the technology company’s stock worth $124,000 after acquiring an additional 340 shares during the period. Alliancebernstein L.P. boosted its position in VirnetX Holding by 107.0% during the 2nd quarter. Alliancebernstein L.P. now owns 29,400 shares of the technology company’s stock worth $134,000 after acquiring an additional 15,200 shares during the period. Voya Investment Management LLC boosted its position in VirnetX Holding by 19.2% during the 2nd quarter. Voya Investment Management LLC now owns 31,232 shares of the technology company’s stock worth $142,000 after acquiring an additional 5,032 shares during the period. The Manufacturers Life Insurance Company boosted its position in VirnetX Holding by 68.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,482 shares of the technology company’s stock worth $198,000 after acquiring an additional 17,600 shares during the period. Finally, Wells Fargo & Company MN boosted its position in VirnetX Holding by 1.5% during the 2nd quarter. Wells Fargo & Company MN now owns 47,612 shares of the technology company’s stock worth $216,000 after acquiring an additional 700 shares during the period.

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VirnetX Holding Company Profile

VirnetX Holding Corporation is an Internet security software and technology Company with a technology for secure communications, including fourth-generation (4G) long term evolution (LTE) security. The Company’s software and technology solutions, including its secure domain name registry and GABRIEL Connection Technology, facilitate secure communications and provide the security platform required by Internet-based applications, such as instant messaging, voice over Internet protocol, mobile services, streaming video, file transfer, remote desktop and machine-to-machine (M2M) communications.

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