Csenge Advisory Group Takes $868,000 Position in Virnetx Holding Corp $VHC

Csenge Advisory Group acquired a new position in Virnetx Holding Corp (NASDAQ:VHC) in the second quarter, Holdings Channel.com reports. The fund acquired 68,360 shares of the company’s stock, valued at approximately $868,000.

A number of other institutional investors have also recently made changes to their positions in VHC. Vanguard Group Inc. boosted its holdings in Virnetx by 2.9% in the third quarter. Vanguard Group Inc. now owns 172,337 shares of the company’s stock worth $2,947,000 after acquiring an additional 4,815 shares in the last quarter. Williams Jones Wealth Management LLC. increased its holdings in shares of 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 acquiring an additional 16,000 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Virnetx in the 2nd quarter valued at approximately $840,000. Geode Capital Management LLC raised its position in shares of Virnetx by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 41,923 shares of the company’s stock valued at $700,000 after purchasing an additional 4,684 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Virnetx by 3.1% in the 4th quarter. HighTower Advisors LLC now owns 20,571 shares of the company’s stock valued at $343,000 after purchasing an additional 625 shares during the last quarter. Institutional investors and hedge funds own 10.37% of the company’s stock.

Virnetx Stock Down 4.4%

Shares of VHC opened at $13.89 on Thursday. The company has a market capitalization of $58.20 million, a price-to-earnings ratio of -2.59 and a beta of 2.30. Virnetx Holding Corp has a 52 week low of $9.82 and a 52 week high of $29.00. The stock’s 50-day moving average price is $12.80 and its 200-day moving average price is $14.54.

Virnetx (NASDAQ:VHC) last announced its quarterly earnings results on Friday, August 14th. The company reported ($1.20) earnings per share for the quarter.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Virnetx in a research report on Thursday, June 18th. Wall Street Zen raised shares of Virnetx to a “sell” rating in a report on Sunday, July 12th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

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.