Shares of VirnetX Holding Co. (NYSE:VHC) shot up 1.7% during mid-day trading on Friday . The company traded as high as $6.00 and last traded at $5.70. 1,043,352 shares changed hands during trading, an increase of 68% from the average session volume of 622,500 shares. The stock had previously closed at $5.80.
Separately, ValuEngine upgraded shares of VirnetX Holding from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st.
The firm’s market cap is $332.36 million. The stock has a 50 day moving average price of $5.19 and a 200 day moving average price of $4.09.
A number of institutional investors have recently bought and sold shares of VHC. Vanguard Group Inc. grew its holdings 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 worth $8,697,000 after purchasing an additional 452,810 shares during the period. Cannell Peter B & Co. Inc. grew its holdings in 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 worth $4,429,000 after purchasing an additional 170,000 shares during the period. L & S Advisors Inc bought a new position in VirnetX Holding during the second quarter worth about $725,000. Northern Trust Corp grew its holdings in VirnetX Holding by 10.4% during the second quarter. Northern Trust Corp now owns 581,509 shares of the technology company’s stock worth $2,646,000 after purchasing an additional 54,563 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in VirnetX Holding by 26.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 193,443 shares of the technology company’s stock worth $881,000 after purchasing an additional 40,288 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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