Virnetx (NASDAQ:VHC) Shares Down 1.9% – Should You Sell?

Virnetx Holding Corp (NASDAQ:VHC) fell 1.9% during mid-day trading on Friday . The stock traded as low as $13.00 and last traded at $14.01. 19,201 shares changed hands during trading, an increase of 40% from the average session volume of 13,674 shares. The stock had previously closed at $14.28.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VHC. Wall Street Zen cut shares of Virnetx from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings began coverage on Virnetx in a research note on Wednesday, December 24th. They issued a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Virnetx Price Performance

The company has a market capitalization of $59.82 million, a price-to-earnings ratio of -2.85 and a beta of 2.21. The business has a fifty day simple moving average of $18.12.

Hedge Funds Weigh In On Virnetx

A number of institutional investors and hedge funds have recently made changes to their positions in VHC. Williams Jones Wealth Management LLC. increased its holdings in Virnetx by 19.0% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 100,165 shares of the company’s stock valued at $1,672,000 after buying an additional 16,000 shares during the last quarter. State Street Corp boosted its stake in shares of Virnetx by 21.9% during the 4th quarter. State Street Corp now owns 14,447 shares of the company’s stock worth $241,000 after acquiring an additional 2,600 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Virnetx by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 41,923 shares of the company’s stock valued at $700,000 after acquiring an additional 4,684 shares during the period. Csenge Advisory Group grew its position in shares of Virnetx by 13.8% during the 4th quarter. Csenge Advisory Group now owns 68,243 shares of the company’s stock valued at $1,139,000 after acquiring an additional 8,275 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of Virnetx by 3.1% in the 4th quarter. HighTower Advisors LLC now owns 20,571 shares of the company’s stock worth $343,000 after purchasing an additional 625 shares in the last quarter. Hedge funds and other institutional investors own 10.37% of the company’s stock.

About Virnetx

VirnetX Holding Corp. is a U.S.-based technology company focused on secure communications and network security technologies. The company develops, owns and licenses intellectual property covering methods and systems for encrypted communications, virtual private networks and secure domain name resolution. VirnetX’s work centers on technologies designed to protect data in transit and enable private, authenticated connections across public networks.

VirnetX’s offerings are primarily deployed through licensing arrangements and technology integrations rather than through mass-market consumer products.