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

Shares of VirnetX Holding Corp (NYSE:VHC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.79 and traded as high as $18.32. VirnetX shares last traded at $18.25, with a volume of 33,404 shares traded.

VirnetX Trading Up 2.5%

The business’s 50 day simple moving average is $21.02 and its two-hundred day simple moving average is $16.79. The firm has a market capitalization of $77.95 million, a PE ratio of -3.80 and a beta of 2.09.

Institutional Investors Weigh In On VirnetX

A number of large investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its position 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 valued at $351,000 after purchasing an additional 1,318 shares during the last quarter. Csenge Advisory Group grew its position in VirnetX by 44.1% during the third quarter. Csenge Advisory Group now owns 59,968 shares of the technology company’s stock valued at $1,079,000 after buying an additional 18,353 shares during the period. JPMorgan Chase & Co. increased its holdings in VirnetX by 9,676.5% during 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 last quarter. Finally, Vanguard Group Inc. raised its position in VirnetX by 2.9% in the third 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 period. 10.37% of the stock is currently owned by institutional investors.

VirnetX Company Profile

VirnetX Holding Corporation (NYSE: VHC) is a patent licensing and technology development company specializing in secure communications and networking. The company’s core business centers on the design, development and monetization of patented software solutions that enable secure domain name system (SDNS) protocols, end-to-end encryption, and real-time collaboration across voice, video and messaging services.

At the heart of VirnetX’s offerings is its proprietary “GABRIEL” technology, an SDNS platform that underpins encrypted voice-over-IP (VoIP), video conferencing and secure messaging applications.