VirnetX (NYSE:VHC) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

VirnetX Holding Corp (NYSE:VHC)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $18.72 and traded as high as $19.08. VirnetX shares last traded at $19.08, with a volume of 8,413 shares trading hands.

VirnetX Price Performance

The firm has a market cap of $81.49 million, a price-to-earnings ratio of -3.97 and a beta of 2.20. The firm has a fifty day simple moving average of $19.19 and a two-hundred day simple moving average of $18.72.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Csenge Advisory Group lifted 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 purchasing an additional 18,353 shares during the period. Williams Jones Wealth Management LLC. grew its position in VirnetX by 19.0% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 100,165 shares of the technology company’s stock worth $1,672,000 after purchasing an additional 16,000 shares during the period. JPMorgan Chase & Co. raised its stake 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 valued at $85,000 after buying an additional 4,935 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of VirnetX by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 172,337 shares of the technology company’s stock valued at $2,947,000 after buying an additional 4,815 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of VirnetX by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 41,923 shares of the technology company’s stock worth $700,000 after buying an additional 4,684 shares during the last quarter. Hedge funds and other institutional investors own 10.37% of the company’s stock.

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.