1,128 Shares in Sandisk Corporation $SNDK Acquired by South Dakota Investment Council

South Dakota Investment Council bought a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,128 shares of the data storage provider’s stock, valued at approximately $127,000.

Several other large investors have also recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC bought a new position in Sandisk during the third quarter worth $1,136,000. New York State Teachers Retirement System bought a new stake in Sandisk during the third quarter valued at $13,546,000. Sage Rhino Capital LLC bought a new stake in Sandisk during the third quarter valued at $587,000. Y Intercept Hong Kong Ltd acquired a new stake in Sandisk during the 3rd quarter worth about $7,046,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in Sandisk during the 3rd quarter worth about $514,000.

Insider Buying and Selling

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

Sandisk Price Performance

SNDK stock opened at $527.33 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92. The company’s 50-day moving average is $502.89 and its 200-day moving average is $279.00. The stock has a market capitalization of $77.83 billion and a PE ratio of -69.48. Sandisk Corporation has a 1 year low of $27.89 and a 1 year high of $725.00.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.67 billion. Sandisk’s revenue was up 61.2% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SNDK. China Renaissance began coverage on Sandisk in a research note on Friday, December 5th. They issued a “buy” rating and a $322.00 price objective on the stock. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. initiated coverage on Sandisk in a report on Monday, December 8th. They issued a “neutral” rating and a $235.00 target price for the company. UBS Group set a $1,000.00 price target on Sandisk in a research note on Monday, February 2nd. Finally, Citigroup increased their price target on Sandisk from $490.00 to $750.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $542.85.

Sandisk 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.