VirnetX (VHC) Trading 10% Higher
VirnetX Holding Co. (NYSEAMERICAN:VHC) shares traded up 10% during mid-day trading on Wednesday . The stock traded as high as $4.03 and last traded at $3.85. 799,591 shares changed hands during trading, an increase of 104% from the average session 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) EPS for the quarter. The company had revenue of $0.02 million for the quarter. VirnetX had a negative return on equity of 363.12% and a negative net margin of 947.20%.
A number of institutional investors have recently bought and sold shares of VHC. BlackRock Inc. increased its position in VirnetX by 12.7% during the 2nd quarter. BlackRock Inc. now owns 3,430,667 shares of the technology company’s stock worth $11,664,000 after purchasing an additional 385,755 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in VirnetX by 45.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 285,902 shares of the technology company’s stock worth $973,000 after purchasing an additional 88,717 shares in the last quarter. Bank of New York Mellon Corp increased its position in VirnetX by 31.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 277,236 shares of the technology company’s stock worth $942,000 after purchasing an additional 66,331 shares in the last quarter. Deutsche Bank AG increased its position in VirnetX by 124.8% during the 4th quarter. Deutsche Bank AG now owns 112,724 shares of the technology company’s stock worth $416,000 after purchasing an additional 62,576 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in VirnetX during the 4th quarter worth about $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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