UPDATE: Standpoint Research Downgrades Check Point Software Technologies Ltd. to Hold - Check Point Software (NASDAQ:CHKP)

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Standpoint Research downgrades Check Point Software Technologies Ltd. (NASDAQ: CHKP) from Buy to Hold.The firm's Ronnie Moas said he is "looking to lock in some gains" with the stock market yet again inching toward new all-time-high levels. Moas pointed out he captured "the recovery of that heavy loss CHKP suffered in March."The analyst called Check Point shares "fairly valued at > 13X estimates for 2014 and 16X trailing twelve months earnings." Moas sees the stock tracking the market moving forward.Shares of Check Point are up 0.6 percent to $52.13 at last check.

27% profits every 20 days?

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