NEW YORK ( TheStreet) -- BMC Software (Nasdaq: BMC) hit a new 52-week high Thursday as it traded at $49.15 compared with its previous 52-Week high of $49.11. BMC Software is changing hands at $49.14 with 660,084 shares traded as of 12:16 p.m. ET. Average volume has been 1.8 million shares over the past 30 days. BMC Software has a market cap of $8.7 billion and is part of the technology sector and computer software & services industry. Shares are up 3.1% year to date as of the close of trading on Wednesday.

BMC Software, Inc. develops software that provides system and service management, and automation solutions primarily for enterprises in the United States and internationally. The company has a P/E ratio of 19.8, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates BMC Software as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full BMC Software Ratings Report.