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NEW YORK ( TheStreet) -- TIBCO Software (Nasdaq: TIBX) hit a new 52-week high Monday as it is currently trading at $31.84, above its previous 52-week high of $31.45 with 129,573 shares traded as of 9:40 a.m. ET. Average volume has been three million shares over the past 30 days. TIBCO Software has a market cap of $4.24 billion and is part of the technology sector and computer software & services industry. Shares are up 29.9% year to date as of the close of trading on Friday. TIBCO Software Inc. provides middleware and infrastructure software worldwide. It offers products in the areas of service-oriented architecture (SOA) and core infrastructure; business optimization; and process automation and collaboration. The company has a P/E ratio of 46.6, above the average computer software & services industry P/E ratio of 39.6 and above the S&P 500 P/E ratio of 17.7.