ValuEngine lowered shares of VirnetX Holding Co. (NYSE:VHC) from a hold rating to a sell rating in a research report released on Wednesday, July 19th.
Shares of VirnetX Holding (NYSE:VHC) traded up 2.86% during midday trading on Wednesday, reaching $3.60. 225,863 shares of the company’s stock were exchanged. VirnetX Holding has a one year low of $1.70 and a one year high of $5.40. The stock’s 50-day moving average is $4.47 and its 200 day moving average is $3.15. The firm’s market cap is $209.32 million.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in VirnetX Holding by 4.9% in the fourth quarter. State Street Corp now owns 806,262 shares of the technology company’s stock worth $1,773,000 after buying an additional 37,838 shares in the last quarter. Morgan Stanley boosted its position in VirnetX Holding by 3.9% in the first quarter. Morgan Stanley now owns 702,429 shares of the technology company’s stock worth $1,615,000 after buying an additional 26,372 shares in the last quarter. Bank of New York Mellon Corp boosted its position in VirnetX Holding by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 207,871 shares of the technology company’s stock worth $477,000 after buying an additional 16,720 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in VirnetX Holding by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 153,155 shares of the technology company’s stock worth $353,000 after buying an additional 8,892 shares in the last quarter.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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