248,000 Shares in Sandisk Corporation $SNDK Purchased by Talos Eurisko Asset Management LP

Talos Eurisko Asset Management LP purchased a new position in Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 248,000 shares of the data storage provider’s stock, valued at approximately $27,826,000. Sandisk makes up 5.4% of Talos Eurisko Asset Management LP’s portfolio, making the stock its 8th biggest holding. Talos Eurisko Asset Management LP owned about 0.17% of Sandisk as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP acquired a new position in shares of Sandisk in the 3rd quarter worth approximately $100,080,000. Picton Mahoney Asset Management acquired a new position in Sandisk in the third quarter worth approximately $7,068,000. South Dakota Investment Council bought a new position in shares of Sandisk in the third quarter valued at $127,000. Level Four Advisory Services LLC acquired a new stake in shares of Sandisk during the 3rd quarter valued at $1,749,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Sandisk during the 3rd quarter valued at $4,264,000.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SNDK shares. Wedbush lifted their target price on Sandisk from $600.00 to $740.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Bank of America lifted their price target on Sandisk from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Jefferies Financial Group boosted their price objective on Sandisk from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, January 30th. China Renaissance began coverage on shares of Sandisk in a research note on Friday, December 5th. They set a “buy” rating and a $322.00 price objective for the company. Finally, The Goldman Sachs Group raised their target price on shares of Sandisk from $320.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $542.85.

Sandisk Trading Up 6.0%

Shares of NASDAQ SNDK opened at $599.06 on Thursday. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06. Sandisk Corporation has a one year low of $27.89 and a one year high of $725.00. The business has a 50-day moving average price of $491.04 and a two-hundred day moving average price of $271.99. The firm has a market capitalization of $88.42 billion and a PE ratio of -78.93.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.67 billion. Sandisk’s revenue for the quarter was up 61.2% compared to the same quarter last year.

Insider Transactions at Sandisk

In related news, Director Miyuki Suzuki sold 3,500 shares of Sandisk stock in a transaction 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.