Shares of VirnetX Holding Co. (NYSE:VHC) were up 3.1% during mid-day trading on Monday . The stock traded as high as $8.20 and last traded at $8.40. Approximately 987,900 shares changed hands during trading, an increase of 149% from the average daily volume of 397,435 shares. The stock had previously closed at $8.15.

Separately, ValuEngine lowered shares of VirnetX Holding from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th.

The stock has a 50 day moving average of $4.60 and a 200-day moving average of $3.88. The stock’s market cap is $469.39 million.

A number of hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its stake in VirnetX Holding by 68.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,482 shares of the technology company’s stock worth $198,000 after buying an additional 17,600 shares in the last quarter. State Street Corp grew its stake in VirnetX Holding by 4.0% in the 2nd quarter. State Street Corp now owns 843,673 shares of the technology company’s stock worth $3,841,000 after buying an additional 32,580 shares in the last quarter. L & S Advisors Inc purchased a new position in VirnetX Holding in the 2nd quarter worth approximately $725,000. Voya Investment Management LLC grew its stake in VirnetX Holding by 19.2% in the 2nd quarter. Voya Investment Management LLC now owns 31,232 shares of the technology company’s stock worth $142,000 after buying an additional 5,032 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in VirnetX Holding by 31.0% in the 2nd quarter. Vanguard Group Inc. now owns 1,911,359 shares of the technology company’s stock worth $8,697,000 after buying an additional 452,810 shares in the last quarter.

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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.

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