NEW YORK ( TheStreet) -- Check Point Software Technologies (Nasdaq: CHKP) hit a new 52-week high Wednesday as it traded at $48.88 compared with its previous 52-Week high of $48.78. Check Point Software is changing hands at $48.23 with 339,386 shares traded as of 9:36 a.m. ET. Average volume has been 1.9 million shares over the past 30 days. Check Point Software has a market cap of $9.9 billion and is part of the technology sector and computer software & services industry. Shares are up 2.7% year to date as of the close of trading on Tuesday.

Check Point Software Technologies Ltd. develops, markets, and supports a range of software, and combined hardware and software products and services for information technology security worldwide. The company has a P/E ratio of 18.9, below the average computer software & services industry P/E ratio of 22.1 and below the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Check Point Software as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Check Point Software Ratings Report.