VirnetX Holding Co. (NYSEAMERICAN:VHC) shares shot up 5.2% during trading on Tuesday . The company traded as high as $4.20 and last traded at $4.05. 728,927 shares were traded during mid-day trading, an increase of 82% from the average session volume of 400,800 shares. The stock had previously closed at $3.85.

The firm has a market cap of $220.64, a PE ratio of -12.66 and a beta of 0.90.

Hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of VirnetX by 1.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 27,345 shares of the technology company’s stock worth $124,000 after acquiring an additional 340 shares during the period. Alliancebernstein L.P. lifted its stake in shares of VirnetX by 107.0% in the 2nd quarter. Alliancebernstein L.P. now owns 29,400 shares of the technology company’s stock worth $134,000 after acquiring an additional 15,200 shares during the period. Voya Investment Management LLC lifted its stake in shares of VirnetX 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 acquiring an additional 5,032 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of VirnetX 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 acquiring an additional 17,600 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of VirnetX by 1.5% in the 2nd quarter. Wells Fargo & Company MN now owns 47,612 shares of the technology company’s stock worth $216,000 after acquiring an additional 700 shares during the period.

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VirnetX Company Profile

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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