BNP Paribas Arbitrage SA Has $40,000 Stock Holdings in VirnetX Holding Corp (NYSE:VHC)

BNP Paribas Arbitrage SA lowered its position in shares of VirnetX Holding Corp (NYSE:VHC) by 48.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,261 shares of the technology company’s stock after selling 8,660 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in VirnetX were worth $40,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of VHC. Ausdal Financial Partners Inc. grew its stake in VirnetX by 19.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 15,080 shares of the technology company’s stock valued at $64,000 after buying an additional 2,500 shares in the last quarter. Cutter & CO Brokerage Inc. raised its stake in shares of VirnetX by 2.4% during the second quarter. Cutter & CO Brokerage Inc. now owns 108,360 shares of the technology company’s stock valued at $463,000 after acquiring an additional 2,500 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of VirnetX by 1.6% during the first quarter. JPMorgan Chase & Co. now owns 214,549 shares of the technology company’s stock valued at $1,194,000 after acquiring an additional 3,478 shares during the last quarter. Swiss National Bank increased its position in shares of VirnetX by 2.7% during the first quarter. Swiss National Bank now owns 146,100 shares of the technology company’s stock valued at $814,000 after buying an additional 3,800 shares during the period. Finally, Royal Bank of Canada increased its position in shares of VirnetX by 22.7% during the first quarter. Royal Bank of Canada now owns 29,202 shares of the technology company’s stock valued at $163,000 after buying an additional 5,402 shares during the period. 31.35% of the stock is currently owned by institutional investors.

NYSE:VHC opened at $3.97 on Thursday. The stock has a market cap of $282.10 million, a price-to-earnings ratio of -6.84 and a beta of 0.48. The company’s 50 day moving average price is $4.09 and its 200-day moving average price is $4.39. VirnetX Holding Corp has a 52 week low of $3.36 and a 52 week high of $8.24.

VirnetX (NYSE:VHC) last posted its earnings results on Friday, August 6th. The technology company reported ($0.05) earnings per share for the quarter. VirnetX had a negative net margin of 66,841.95% and a negative return on equity of 19.50%. The company had revenue of $0.02 million for the quarter.

VirnetX Profile

VirnetX Holding Corp. engages in the provision of Internet security software and technology solutions to facilitate secure network communications, including 5G and 4G LTE. Its products include Gabriel Secure Gateway, Gabriel Collaboration Suite, Gabriel Secure Domains, Gabriel Secure Communication Platform, and Gabriel Connection Tchnology.

Further Reading: Equity Income

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Institutional Ownership by Quarter for VirnetX (NYSE:VHC)

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