VirnetX (NYSE:VHC) Stock Passes Above 200-Day Moving Average – What’s Next?

VirnetX Holding Corp (NYSE:VHC) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.92 and traded as high as $20.78. VirnetX shares last traded at $19.55, with a volume of 17,848 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded VirnetX from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th.

VirnetX Price Performance

The company has a market capitalization of $83.50 million, a P/E ratio of -4.07 and a beta of 2.09. The firm has a fifty day moving average price of $20.50 and a 200-day moving average price of $15.92.

Institutional Investors Weigh In On VirnetX

Several large investors have recently made changes to their positions in VHC. JPMorgan Chase & Co. raised its stake in shares of VirnetX by 9,676.5% in the third quarter. JPMorgan Chase & Co. now owns 4,986 shares of the technology company’s stock valued at $85,000 after buying an additional 4,935 shares during the period. Geode Capital Management LLC grew its stake in shares of VirnetX by 4.2% during the 2nd quarter. Geode Capital Management LLC now owns 32,357 shares of the technology company’s stock worth $351,000 after acquiring an additional 1,318 shares during the period. Csenge Advisory Group grew its stake in shares of VirnetX by 44.1% during the 3rd quarter. Csenge Advisory Group now owns 59,968 shares of the technology company’s stock worth $1,079,000 after acquiring an additional 18,353 shares during the period. Finally, Vanguard Group Inc. increased its holdings in VirnetX by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 172,337 shares of the technology company’s stock worth $2,947,000 after acquiring an additional 4,815 shares during the last quarter. 10.37% of the stock is owned by hedge funds and other institutional investors.

VirnetX Company Profile

VirnetX Holding Corporation, through its subsidiary VirnetX, Inc, operates as an Internet security software and technology company primarily in the United States. The company develops software and technology solutions, including secure domain name registry and GABRIEL Connection Technology that are designed to secure communications over the Internet using zero trust network access.