Virnetx (NASDAQ:VHC) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Virnetx (NASDAQ:VHC) from a hold rating to a sell rating in a report issued on Saturday.

Separately, Weiss Ratings started coverage on Virnetx in a report on Wednesday, December 24th. They issued a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Virnetx Stock Up 15.4%

VHC opened at $16.17 on Friday. The firm has a fifty day moving average price of $18.03. The stock has a market capitalization of $69.05 million, a PE ratio of -3.29 and a beta of 2.21. Virnetx has a fifty-two week low of $6.60 and a fifty-two week high of $29.00.

Hedge Funds Weigh In On Virnetx

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VHC. Csenge Advisory Group increased its stake in shares of Virnetx by 44.1% during the third quarter. Csenge Advisory Group now owns 59,968 shares of the company’s stock worth $1,079,000 after purchasing an additional 18,353 shares in the last quarter. Williams Jones Wealth Management LLC. lifted its stake in Virnetx by 19.0% in the 4th 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings in Virnetx by 9,676.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,986 shares of the company’s stock worth $85,000 after buying an additional 4,935 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Virnetx by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 172,337 shares of the company’s stock worth $2,947,000 after buying an additional 4,815 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Virnetx by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 41,923 shares of the company’s stock worth $700,000 after buying an additional 4,684 shares in the last quarter. 10.37% of the stock is owned by hedge funds and other institutional investors.

Virnetx Company Profile

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.