VirnetX Holding Co. (NYSEAMERICAN:VHC)’s share price rose 10% on Wednesday . The company traded as high as $4.03 and last traded at $3.85. Approximately 799,591 shares traded hands during mid-day trading, an increase of 104% from the average daily volume of 391,822 shares. The stock had previously closed at $3.50.
VirnetX (NYSEAMERICAN:VHC) last posted its quarterly earnings data on Thursday, August 9th. The technology company reported ($0.10) earnings per share for the quarter. VirnetX had a negative net margin of 947.20% and a negative return on equity of 363.12%. The firm had revenue of $0.02 million during the quarter.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in VirnetX by 12.7% in the second quarter. BlackRock Inc. now owns 3,430,667 shares of the technology company’s stock valued at $11,664,000 after acquiring an additional 385,755 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in VirnetX by 45.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 285,902 shares of the technology company’s stock valued at $973,000 after acquiring an additional 88,717 shares during the period. Bank of New York Mellon Corp lifted its holdings in VirnetX by 31.5% in the second quarter. Bank of New York Mellon Corp now owns 277,236 shares of the technology company’s stock valued at $942,000 after acquiring an additional 66,331 shares during the period. Deutsche Bank AG lifted its holdings in VirnetX by 124.8% in the fourth quarter. Deutsche Bank AG now owns 112,724 shares of the technology company’s stock valued at $416,000 after acquiring an additional 62,576 shares during the period. Finally, Millennium Management LLC acquired a new position in shares of VirnetX during the 4th quarter worth $215,000.
VirnetX Holding Corporation, through its subsidiary VirnetX, Inc, operates as an Internet security software and technology company in the United States and internationally. The company develops software and technology solutions, including secure domain name registry and GABRIEL Connection Technology that are designed to secure real-time communications over the Internet, as well as enable organizations and individuals to establish communities of secure, registered users, and transmit information between various devices, networks, and operating systems.
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