Perpetual Ltd Has $483,000 Stake in Sandisk Corporation $SNDK

Key Points

• Perpetual Ltd cut its stake in Sandisk by 59.1%, selling 2,941 shares and ending Q4 with 2,036 shares worth about $483,000 per its SEC filing.
• SanDisk beat Q2 estimates — $6.20 EPS vs. $3.31 expected and $3.03B revenue (up 61.2% YoY) — and gave strong forward guidance, prompting analyst upgrades and higher price targets (Bank of America raised its target to $900; consensus rating is "Moderate Buy").
• Director Miyuki Suzuki sold 3,500 shares at an average $627.53 (reducing her holding by 26.1%), a notable insider disposition amid strong price momentum but ongoing valuation and volatility concerns.

Perpetual Ltd decreased its stake in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 59.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,036 shares of the data storage provider's stock after selling 2,941 shares during the quarter. Perpetual Ltd's holdings in Sandisk were worth $483,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. grew its position in Sandisk by 411.4% during the fourth quarter. Blue Trust Inc. now owns 179 shares of the data storage provider's stock worth $42,000 after buying an additional 144 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Sandisk in the 3rd quarter worth approximately $27,000. CVA Family Office LLC bought a new stake in shares of Sandisk in the 3rd quarter worth approximately $28,000. Parallel Advisors LLC acquired a new stake in shares of Sandisk during the 3rd quarter worth approximately $30,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Sandisk during the 3rd quarter worth approximately $32,000.

Sandisk Price Performance

Sandisk stock opened at $701.59 on Monday. The business has a 50 day simple moving average of $625.86 and a 200 day simple moving average of $366.36. 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 has a market capitalization of $103.55 billion, a PE ratio of -92.44 and a beta of 5.04. Sandisk Corporation has a one year low of $27.89 and a one year high of $777.60.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, beating analysts' consensus estimates of $3.31 by $2.89. The firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.Sandisk's revenue for the quarter was up 61.2% compared to the same quarter last year.

Analysts Set New Price Targets

A number of research analysts recently commented on SNDK shares. Bank of America upped their target price on Sandisk from $850.00 to $900.00 and gave the company a "buy" rating in a research note on Monday, March 23rd. Weiss Ratings reiterated a "sell (d+)" rating on shares of Sandisk in a research note on Monday, December 29th. Wall Street Zen raised shares of Sandisk from a "buy" rating to a "strong-buy" rating in a report on Saturday, January 31st. Zacks Research upgraded shares of Sandisk from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 20th. Finally, Cantor Fitzgerald raised their price objective on shares of Sandisk from $550.00 to $800.00 and gave the stock an "overweight" rating in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sandisk has a consensus rating of "Moderate Buy" and an average price target of $594.48.

Insider Buying and Selling at Sandisk

In related news, Director Miyuki Suzuki sold 3,500 shares of the 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 $6,216,939.71. This trade represents a 26.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.21% of the company's stock.

Sandisk News Summary

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.