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NEW YORK ( TheStreet) -- Check Point Software Technologies (Nasdaq: CHKP) hit a new 52-week high Thursday as it is currently trading at $61.95, above its previous 52-week high of $61.60 with 196,223 shares traded as of 10:15 a.m. ET. Average volume has been 1.9 million shares over the past 30 days. Check Point Software has a market cap of $11.8 billion and is part of the technology sector and computer software & services industry. Shares are up 16.6% year to date as of the close of trading on Wednesday. Check Point Software Technologies Ltd. develops, markets, and supports a range of software, and combined hardware and software products and services for information technology (IT) security applications worldwide. The company has a P/E ratio of 21.4, below the average computer software & services industry P/E ratio of 22.3 and above the S&P 500 P/E ratio of 17.7.