ValuEngine Lowers VirnetX Holding Co. (VHC) to Sell

VirnetX Holding Co. (NYSE:VHC) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Shares of VirnetX Holding (NYSE VHC) traded down 4.88% during mid-day trading on Wednesday, hitting $3.90. The company had a trading volume of 386,488 shares. The firm has a 50-day moving average price of $4.62 and a 200-day moving average price of $3.10. The firm’s market capitalization is $226.76 million. VirnetX Holding has a 52 week low of $1.70 and a 52 week high of $5.40.

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Institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its stake in VirnetX Holding by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 153,155 shares of the technology company’s stock worth $353,000 after buying an additional 8,892 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of VirnetX Holding by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 207,871 shares of the technology company’s stock valued at $477,000 after buying an additional 16,720 shares during the period. Morgan Stanley boosted its position in shares of VirnetX Holding by 3.9% in the first quarter. Morgan Stanley now owns 702,429 shares of the technology company’s stock valued at $1,615,000 after buying an additional 26,372 shares during the period. Finally, State Street Corp boosted its position in shares of VirnetX Holding by 4.9% in the fourth quarter. State Street Corp now owns 806,262 shares of the technology company’s stock valued at $1,773,000 after buying an additional 37,838 shares during the period.

About VirnetX Holding

VirnetX Holding Corporation is an Internet security software and technology Company with a technology for secure communications, including fourth-generation (4G) long term evolution (LTE) security. The Company’s software and technology solutions, including its secure domain name registry and GABRIEL Connection Technology, facilitate secure communications and provide the security platform required by Internet-based applications, such as instant messaging, voice over Internet protocol, mobile services, streaming video, file transfer, remote desktop and machine-to-machine (M2M) communications.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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