Cigna Investments Inc. New Acquires Shares of 1,330 Sandisk Corporation $SNDK

Cigna Investments Inc. New bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,330 shares of the data storage provider’s stock, valued at approximately $315,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC bought a new position in shares of Sandisk in the third quarter worth about $1,136,000. New York State Teachers Retirement System acquired a new position in Sandisk during the 3rd quarter worth $13,546,000. Y Intercept Hong Kong Ltd bought a new position in Sandisk in the 3rd quarter valued at $7,046,000. Sage Rhino Capital LLC bought a new position in Sandisk in the 3rd quarter valued at $587,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in Sandisk in the third quarter worth about $514,000.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Cantor Fitzgerald raised their price objective on shares of Sandisk from $550.00 to $800.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Susquehanna increased their price target on Sandisk from $250.00 to $300.00 and gave the company a “positive” rating in a research note on Monday, December 8th. The Goldman Sachs Group raised their price target on Sandisk from $320.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Mizuho set a $600.00 target price on Sandisk in a research report on Tuesday, January 27th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $650.00 price target on shares of Sandisk in a research note on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sandisk currently has a consensus rating of “Moderate Buy” and a consensus target price of $594.48.

Sandisk Stock Performance

Shares of SNDK stock opened at $701.59 on Friday. Sandisk Corporation has a 12 month low of $27.89 and a 12 month high of $777.60. The company’s fifty day simple moving average is $625.86 and its 200-day simple moving average is $364.44. The firm has a market cap of $103.55 billion, a PE ratio of -92.44 and a beta of 5.04. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $2.89. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.67 billion. The company’s revenue was up 61.2% compared to the same quarter last year.

Insider Buying and Selling at Sandisk

In other news, Director Miyuki Suzuki sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the completion of the sale, the director owned 9,907 shares in the company, valued at approximately $6,216,939.71. This trade represents a 26.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.21% of the stock is owned by insiders.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q2 beat and strong forward guide: management posted $3.03B in Q2 revenue, margin expansion near 50% and raised guidance (Q3 revenue $4.4B–$4.8B), supporting multi‑year hyperscaler/NAND demand narratives that favor continued share gains. Why I Am Rating SanDisk A Strong Buy
• Positive Sentiment: High analyst upside: Bernstein set a $1,000 price target and called post‑selloff concerns overblown, lending credibility to further upside and supporting buying on dips. SanDisk (SNDK) Stock: Bernstein Sets $1,000 Price Target Amid Post-TurboQuant Selloff
• Positive Sentiment: Short‑term momentum from analyst notes and guidance: bullish research and clearer visibility into hyperscaler demand catalyzed a recent sharp intraday rally (reported ~11% surge), driving momentum traders and option flows. SanDisk (SNDK) Stock Soars 11% Following Bullish Analyst Notes and Guidance Boost
• Positive Sentiment: Wall Street defense / buy‑the‑pullback calls: firms including Morgan Stanley and Mizuho have reiterated constructive views or Outperform ratings, which supports institutional buying on dips. Micron Stock and Sandisk Retreat. Why This Wall Street Firm Says to Buy the Pullback.
• Positive Sentiment: Strong relative performance: SNDK was one of the top‑performing S&P 500 names in Q1, which has attracted momentum investors and broader market attention. SanDisk was the top-performing S&P 500 stock in Q1. Can SNDK continue its run in Q1?
• Neutral Sentiment: Is it too late to buy? Several pieces discuss whether recent gains leave less upside and whether new buyers should wait for a pullback — useful for timing but not decisive on fundamentals. Is It Too Late To Consider Sandisk (SNDK) After Its Surging Share Price?
• Neutral Sentiment: Bull case vs. market positioning: some analysts still publish bull-case upside (e.g., mid‑40% scenarios), keeping the narrative mixed between momentum and profit‑taking. SanDisk Stock (SNDK) Beats the Entire S&P 500 in Q1 — Bull Case Still Predicts 44% Upside
• Negative Sentiment: Valuation and volatility concerns: critics warn AI‑memory rallies may have priced in a lot of growth (raising overvaluation risk), and sector events like the TurboQuant selloff have produced sharp short‑term pullbacks — increases trading risk and could trigger profit taking. Are Micron (MU) and SanDisk (SNDK) Stocks Overvalued after AI-Driven Rally?

About Sandisk

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.