VirnetX (NYSE:VHC) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

VirnetX Holding Corp (NYSE:VHC)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.64 and traded as high as $19.92. VirnetX shares last traded at $18.40, with a volume of 25,199 shares traded.

VirnetX Trading Up 0.9%

The firm’s fifty day simple moving average is $19.36 and its two-hundred day simple moving average is $18.64. The company has a market capitalization of $78.59 million, a price-to-earnings ratio of -3.83 and a beta of 2.20.

Hedge Funds Weigh In On VirnetX

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of VirnetX by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 41,923 shares of the technology company’s stock worth $700,000 after purchasing an additional 4,684 shares during the last quarter. Vanguard Group Inc. increased its position in shares of VirnetX by 2.9% during the third quarter. Vanguard Group Inc. now owns 172,337 shares of the technology company’s stock valued at $2,947,000 after acquiring an additional 4,815 shares during the last quarter. Csenge Advisory Group raised its stake in shares of VirnetX by 13.8% in the 4th quarter. Csenge Advisory Group now owns 68,243 shares of the technology company’s stock valued at $1,139,000 after acquiring an additional 8,275 shares during the period. HighTower Advisors LLC lifted its holdings in shares of VirnetX by 3.1% in the 4th quarter. HighTower Advisors LLC now owns 20,571 shares of the technology company’s stock worth $343,000 after acquiring an additional 625 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of VirnetX by 9,676.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,986 shares of the technology company’s stock worth $85,000 after purchasing an additional 4,935 shares during the period. 10.37% of the stock is currently owned by hedge funds and other 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.