ValuEngine Downgrades VirnetX Holding Co. (VHC) to Sell
VirnetX Holding Co. (NYSE:VHC) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report issued on Wednesday.
VirnetX Holding (NYSE VHC) traded down 4.88% during mid-day trading on Wednesday, hitting $3.90. 386,488 shares of the stock were exchanged. The stock’s market cap is $226.76 million. The company has a 50 day moving average price of $4.62 and a 200 day moving average price of $3.10. VirnetX Holding has a 52 week low of $1.70 and a 52 week high of $5.40.
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A number of large investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its stake in shares of VirnetX Holding by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 140,035 shares of the technology company’s stock worth $561,000 after buying an additional 2,100 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of VirnetX Holding during the second quarter worth approximately $104,000. California Public Employees Retirement System raised its position in shares of VirnetX Holding by 144.4% in the second quarter. California Public Employees Retirement System now owns 117,800 shares of the technology company’s stock worth $471,000 after buying an additional 69,600 shares during the period. SG Americas Securities LLC acquired a new position in shares of VirnetX Holding during the second quarter worth approximately $124,000. Finally, Societe Generale acquired a new position in shares of VirnetX Holding during the second quarter worth approximately $124,000.
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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