Perpetual Ltd Takes $558,000 Position in Sandisk Corporation $SNDK

Perpetual Ltd bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,977 shares of the data storage provider’s stock, valued at approximately $558,000.

Other large investors have also recently bought and sold shares of the company. Osaic Holdings Inc. purchased a new stake in Sandisk during the 2nd quarter worth about $317,000. Corient Private Wealth LLC acquired a new stake in shares of Sandisk during the 2nd quarter worth about $353,000. GAMMA Investing LLC purchased a new stake in Sandisk during the third quarter worth approximately $439,000. Praxis Investment Management Inc. acquired a new position in Sandisk in the third quarter valued at approximately $533,000. Finally, Voya Investment Management LLC purchased a new position in Sandisk in the third quarter valued at approximately $8,917,000.

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $237.61 on Monday. Sandisk Corporation has a one year low of $27.89 and a one year high of $284.76. The stock has a market capitalization of $34.82 billion and a price-to-earnings ratio of 742.53. The company has a 50-day simple moving average of $206.63 and a 200-day simple moving average of $111.86. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.03 and a current ratio of 3.29.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.64. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Sandisk’s quarterly revenue was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Analyst Upgrades and Downgrades

SNDK has been the subject of several recent analyst reports. Citigroup boosted their price objective on shares of Sandisk from $150.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Sanford C. Bernstein raised shares of Sandisk to a “strong-buy” rating in a research report on Tuesday, September 16th. Susquehanna upped their price objective on shares of Sandisk from $250.00 to $300.00 and gave the company a “positive” rating in a research note on Monday, December 8th. Morgan Stanley lifted their target price on Sandisk from $263.00 to $273.00 and gave the stock an “overweight” rating in a research report on Monday, November 24th. Finally, Wedbush boosted their target price on Sandisk from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $213.33.

Insider Activity

In other news, Director Necip Sayiner sold 1,271 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the transaction, the director owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Sandisk Company Profile

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.