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VirnetX Holding Corp (AMEX:VHC) CEO Kendall Larsen revealed details regarding the pledge of VirnetX stock used to secure a personal line of credit last night. Previously, Larson stated that he never sold a share and the stock was used to secure the line of credit. Cowen also stated that the filing confirms that statement and placed the controversy “to bed.” The shares have an Outperform rating.
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Netflix, Inc. (NASDAQ:NFLX): According to Citigroup, the post earnings sell-off in Netflix shares to soft domestic streaming adds and management comments which U.S. profits would use for International expansion in the near future. Although Citi views valuation as highly attractive on the pullback, it reduced its price target on the shares to $120 from $130. The firm keeps its Buy rating on the stock.
Apple Inc. (NASDAQ:AAPL): According to CLSA, the bad news is behind the company since estimates were reset and iPhone5 offers share gain opportunities. The firm reduced estimates to represent macro uncertainty, and it keeps its Buy rating on the stock.
Och-Ziff Capital Management Group LLC (NYSE:OZM) is predicted to see an increase of assets under management over the next few years, according to RBC Capital. The firm also states that the company’s returns for 2012 should beat expectations. The firm keeps an Outperform rating and a $10 price target on the stock.
Rockwell Collins Inc. (NYSE:COL) target was lowered by RBC Capital following the company’s weaker than expected results for Q3 and lowered FY12 guidance. The firm keeps its Outperform rating on the stock.
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