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NEW YORK ( TheStreet) -- SolarWinds (NYSE: SWI) hit a new 52-week high Monday as it is currently trading at $29.20, above its previous 52-week high of $28.60 with 494,153 shares traded as of 10:06 a.m. ET. Average volume has been 1.1 million shares over the past 30 days. SolarWinds has a market cap of $1.8 billion and is part of the technology sector and computer software & services industry. Shares are up 44.9% year to date as of the close of trading on Friday. SolarWinds, Inc. designs, develops, markets, sells, and supports enterprise information technology (IT) infrastructure management software to IT professionals. The company has a P/E ratio of 33.9, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.