Shares of VMware, Inc. (NASDAQ:VMW) are trading very close to its 52 week high of $72.42.  Today, the stock closed at $71.68.  With the economy in the state that it is in, and the market doing insane things lately, this to me is one of those 'whodathunkit' moments. 

Despite the stock trading near its 52 week high, analysts are continuing to raise their targets given what they call "VMware's expected strong performance."  VMware targets were raised this morning by Broadpoint AmTech, which despite a ~65% appreciation in this stock in 2010, continues to believe that there is additional upside.  The Firm is upping estimates and their target from $65 to $85.

EMC must be buying into this upside estimate as well.  The company is continuing to gobble up VMware shares like it's turkey at Thanksgiving.  So when is enough ownership, enough? 

According to the open-market insider, purchases and sales filed with the Securities and Exchange Commission on Monday, EMC purchased another 90,000 shares of VMware stock, for a total of $6,224,151. 

VMware expectations are soaring since the company's 52 week low of $25.75.  That period seems like so long ago now, doesn't it?  Again, whodathunkit.