Level Four Advisory Services LLC Invests $1.75 Million in Sandisk Corporation $SNDK

Level Four Advisory Services LLC acquired a new stake in Sandisk Corporation (NASDAQ:SNDKFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,587 shares of the data storage provider’s stock, valued at approximately $1,749,000.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. purchased a new position in Sandisk during the third quarter worth about $1,970,388,000. Victory Capital Management Inc. acquired a new position in shares of Sandisk in the 3rd quarter worth approximately $120,363,000. Parnassus Investments LLC acquired a new position in shares of Sandisk in the 3rd quarter worth approximately $103,815,000. DNB Asset Management AS purchased a new position in shares of Sandisk during the 3rd quarter worth approximately $94,540,000. Finally, Principal Financial Group Inc. acquired a new stake in Sandisk in the 3rd quarter valued at approximately $74,265,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Benchmark raised their price target on Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. JPMorgan Chase & Co. started coverage on Sandisk in a report on Monday, December 8th. They set a “neutral” rating and a $235.00 target price for the company. The Goldman Sachs Group lifted their target price on Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Citigroup boosted their price target on shares of Sandisk from $490.00 to $750.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $650.00 price objective on shares of Sandisk in a research note on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $542.85.

Get Our Latest Stock Report on Sandisk

Sandisk Trading Up 6.0%

SNDK opened at $599.06 on Thursday. The firm has a market cap of $88.42 billion and a price-to-earnings ratio of -78.93. Sandisk Corporation has a 52 week low of $27.89 and a 52 week high of $725.00. The business’s 50 day moving average is $491.04 and its two-hundred day moving average is $271.99. 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:SNDKGet Free Report) last released its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, beating the consensus estimate of $3.31 by $2.89. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.67 billion. The business’s revenue for the quarter was up 61.2% on a year-over-year basis.

Insider Transactions at Sandisk

In other news, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the completion of the transaction, the director directly owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Sandisk Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sandisk (NASDAQ:SNDK)

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