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

Csenge Advisory Group purchased a new stake in shares of Virnetx Holding Corp (NASDAQ:VHC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 68,360 shares of the company’s stock, valued at approximately $868,000. Csenge Advisory Group owned approximately 1.63% of Virnetx as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of VHC. BlackRock Inc. bought a new position in Virnetx in the second quarter worth approximately $840,000. Williams Jones Wealth Management LLC. raised its position in Virnetx by 19.0% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 100,165 shares of the company’s stock valued at $1,672,000 after purchasing an additional 16,000 shares in the last quarter. State Street Corp raised its position in 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 purchasing an additional 2,600 shares in the last quarter. Geode Capital Management LLC raised its position in Virnetx by 12.6% during 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 in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Virnetx by 3.1% in the 4th quarter. HighTower Advisors LLC now owns 20,571 shares of the company’s stock worth $343,000 after buying an additional 625 shares during the period. Institutional investors own 10.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VHC shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Virnetx in a research report on Thursday, June 18th. Wall Street Zen upgraded Virnetx to a “sell” rating in a report on Sunday, July 12th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Virnetx Price Performance

VHC opened at $13.89 on Thursday. The firm has a market capitalization of $58.20 million, a PE ratio of -2.59 and a beta of 2.30. The business’s 50-day moving average is $12.80 and its two-hundred day moving average is $14.54. Virnetx Holding Corp has a 1 year low of $9.82 and a 1 year high of $29.00.

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

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.