VirnetX (NYSEAMERICAN:VHC) Trading Down 34%

VirnetX Holding Co. (NYSEAMERICAN:VHC) shares fell 34% on Friday . The stock traded as low as $2.85 and last traded at $3.84, 4,036,961 shares were traded during mid-day trading. An increase of 536% from the average session volume of 635,099 shares. The stock had previously closed at $5.82.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of VirnetX by 3.4% during the 2nd quarter. BlackRock Inc. now owns 4,126,925 shares of the technology company’s stock worth $25,629,000 after buying an additional 133,934 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of VirnetX by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,962,714 shares of the technology company’s stock worth $18,398,000 after buying an additional 18,899 shares during the last quarter. Northern Trust Corp increased its holdings in shares of VirnetX by 0.4% during the 2nd quarter. Northern Trust Corp now owns 669,004 shares of the technology company’s stock worth $4,154,000 after buying an additional 2,650 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in VirnetX by 4.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 343,015 shares of the technology company’s stock valued at $2,131,000 after purchasing an additional 13,100 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in VirnetX by 1,260.8% in the 2nd quarter. HighTower Advisors LLC now owns 156,495 shares of the technology company’s stock valued at $972,000 after purchasing an additional 144,995 shares in the last quarter.

VirnetX Company Profile (NYSEAMERICAN:VHC)

VirnetX Holding Corporation, through its subsidiary VirnetX, Inc, operates as an Internet security software and technology company primarily in the United States. The company develops software and technology solutions, including secure domain name registry and GABRIEL Connection Technology that are designed to secure 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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