Virnetx (NASDAQ:VHC) Lowered to Sell Rating by Wall Street Zen

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

Separately, Weiss Ratings initiated coverage on shares of Virnetx in a research note on Wednesday, December 24th. They issued a “sell (d-)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Virnetx Price Performance

Shares of VHC opened at $14.01 on Friday. The firm has a market capitalization of $59.82 million, a PE ratio of -2.85 and a beta of 2.21. Virnetx has a 12 month low of $6.60 and a 12 month high of $29.00. The stock’s fifty day simple moving average is $18.12.

Hedge Funds Weigh In On Virnetx

A number of large investors have recently made changes to their positions in the company. HighTower Advisors LLC grew its stake in shares of Virnetx by 3.1% in the fourth quarter. HighTower Advisors LLC now owns 20,571 shares of the company’s stock valued at $343,000 after acquiring an additional 625 shares in the last quarter. Geode Capital Management LLC raised its holdings in Virnetx by 4.2% in the 2nd quarter. Geode Capital Management LLC now owns 32,357 shares of the company’s stock valued at $351,000 after acquiring an additional 1,318 shares in the last quarter. State Street Corp lifted its position in shares of Virnetx by 21.9% during the 4th quarter. State Street Corp now owns 14,447 shares of the company’s stock valued at $241,000 after acquiring an additional 2,600 shares during the period. Vanguard Group Inc. lifted its position in shares of Virnetx by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 172,337 shares of the company’s stock valued at $2,947,000 after acquiring an additional 4,815 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Virnetx by 9,676.5% in the third quarter. JPMorgan Chase & Co. now owns 4,986 shares of the company’s stock worth $85,000 after purchasing an additional 4,935 shares during the period. 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.