VirnetX Holding Co. (VHC) Cut to “Sell” at ValuEngine

VirnetX Holding Co. (NYSE:VHC) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, June 15th.

VirnetX Holding (NYSE:VHC) remained flat at $4.85 on Thursday. 283,662 shares of the stock were exchanged. VirnetX Holding has a 12 month low of $1.70 and a 12 month high of $5.40. The firm’s 50 day moving average price is $3.91 and its 200-day moving average price is $2.81. The stock’s market cap is $282.00 million.

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Several hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake 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 valued at $353,000 after buying an additional 8,892 shares during the period. Morgan Stanley boosted its stake in VirnetX Holding by 3.9% in the first quarter. Morgan Stanley now owns 702,429 shares of the technology company’s stock valued at $1,615,000 after buying an additional 26,372 shares during the period. Geode Capital Management LLC boosted its stake in VirnetX Holding by 3.3% in the first quarter. Geode Capital Management LLC now owns 360,182 shares of the technology company’s stock valued at $828,000 after buying an additional 11,668 shares during the period. Teachers Advisors LLC boosted its stake in VirnetX Holding by 44.4% in the first quarter. Teachers Advisors LLC now owns 109,891 shares of the technology company’s stock valued at $253,000 after buying an additional 33,801 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $477,000 after buying an additional 16,720 shares during the last quarter.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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