VirnetX Holding Co. (VHC) Shares Gap Down to $7.20
VirnetX Holding Co. (NYSE:VHC) shares gapped down prior to trading on Friday . The stock had previously closed at $7.15, but opened at $7.20. VirnetX Holding shares last traded at $7.65, with a volume of 534,979 shares changing hands.
Separately, ValuEngine cut shares of VirnetX Holding from a “hold” rating to a “sell” rating in a report on Thursday, June 15th.
The stock’s 50-day moving average price is $4.21 and its 200 day moving average price is $3.73. The company’s market capitalization is $475.22 million.
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in VirnetX Holding by 31.0% during the second quarter. Vanguard Group Inc. now owns 1,911,359 shares of the technology company’s stock valued at $8,697,000 after purchasing an additional 452,810 shares during the last quarter. Cannell Peter B & Co. Inc. raised its holdings in shares of VirnetX Holding by 21.2% during the second quarter. Cannell Peter B & Co. Inc. now owns 973,400 shares of the technology company’s stock valued at $4,429,000 after acquiring an additional 170,000 shares during the period. State Street Corp raised its holdings in shares of VirnetX Holding by 4.0% during the second quarter. State Street Corp now owns 843,673 shares of the technology company’s stock valued at $3,841,000 after acquiring an additional 32,580 shares during the period. Morgan Stanley raised its holdings in shares of VirnetX Holding by 3.9% during the first quarter. Morgan Stanley now owns 702,429 shares of the technology company’s stock valued at $1,615,000 after acquiring an additional 26,372 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of VirnetX Holding by 10.4% during the second quarter. Northern Trust Corp now owns 581,509 shares of the technology company’s stock valued at $2,646,000 after acquiring an additional 54,563 shares during the period.
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About VirnetX Holding
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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