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NEW YORK ( TheStreet) -- SolarWinds (NYSE: SWI) hit a new 52-week high Friday as it is currently trading at $54.41, above its previous 52-week high of $53.97 with 23,433 shares traded as of 9:35 a.m. ET. Average volume has been 1.2 million shares over the past 30 days. SolarWinds has a market cap of $3.88 billion and is part of the technology sector and computer software & services industry. Shares are up 87.5% 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 53.5, above the average computer software & services industry P/E ratio of 52.9 and above the S&P 500 P/E ratio of 17.7.