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NEW YORK ( TheStreet) -- SolarWinds (NYSE: SWI) hit a new 52-week high Friday as it is currently trading at $47.29, above its previous 52-week high of $46.38 with 382,367 shares traded as of 10:05 a.m. ET. Average volume has been 1.2 million shares over the past 30 days. SolarWinds has a market cap of $2.79 billion and is part of the technology sector and computer software & services industry. Shares are up 62.4% year to date as of the close of trading on Thursday. SolarWinds, Inc. designs, develops, markets, sells, and supports enterprise information technology (IT) infrastructure management software for IT professionals in various organizations in the United States and internationally. The company has a P/E ratio of 45, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.