VirnetX (NYSE:VHC) Shares Pass Above 200 Day Moving Average – Should You Sell?

VirnetX Holding Corp (NYSE:VHC) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.64 and traded as high as $18.45. VirnetX shares last traded at $18.31, with a volume of 36,750 shares changing hands.

VirnetX Price Performance

The firm has a market capitalization of $78.20 million, a P/E ratio of -3.81 and a beta of 2.15. The firm has a 50-day moving average price of $20.50 and a two-hundred day moving average price of $17.64.

Hedge Funds Weigh In On VirnetX

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

About VirnetX

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.