California Public Employees Retirement System Has $147.89 Million Stock Holdings in Sandisk Corporation $SNDK

Posted by on Jul 19th, 2026

California Public Employees Retirement System trimmed its stake in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) by 38.7% in the first quarter, Holdings Channel.com reports. The fund owned 232,774 shares of the data storage provider’s stock after selling 147,222 shares during the quarter. California Public Employees Retirement System’s holdings in Sandisk were worth $147,891,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNDK. State Street Corp boosted its holdings in Sandisk by 20.7% in the fourth quarter. State Street Corp now owns 5,281,522 shares of the data storage provider’s stock valued at $1,253,728,000 after acquiring an additional 904,933 shares during the last quarter. Geode Capital Management LLC raised its holdings in Sandisk by 44.9% during the 4th quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock worth $866,310,000 after purchasing an additional 1,133,276 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Sandisk by 31.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock worth $825,608,000 after purchasing an additional 828,332 shares during the period. Morgan Stanley lifted its position in shares of Sandisk by 7.2% in the 4th quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider’s stock worth $705,105,000 after purchasing an additional 199,545 shares during the period. Finally, Norges Bank bought a new stake in shares of Sandisk in the 4th quarter valued at $518,889,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

  • Positive Sentiment: Despite the pullback, several recent pieces remain constructive on Sandisk’s long-term setup, pointing to strong demand from AI infrastructure and tighter memory supply conditions that could support revenue and margins. Article Title
  • Positive Sentiment: Sandisk’s valuation has come down sharply from recent highs, with some investors and analysts arguing the selloff may have made the stock more attractive relative to its growth outlook. Article Title
  • Neutral Sentiment: Sandisk also announced progress on its Fab2 project with Kioxia and said BiCS10 sampling has begun, a development that supports its product roadmap but is not an immediate earnings catalyst. Article Title
  • Negative Sentiment: Technical damage has intensified after the stock broke key support levels, with chart watchers citing a sharp drop from recent peaks and warning that momentum has turned decisively lower ahead of the next earnings report. Article Title
  • Negative Sentiment: Sector-wide weakness, including concerns about Chinese competition and a broad AI-chip rotation, has added to the selloff in memory stocks such as Sandisk. Article Title

Insider Activity at Sandisk

In other news, Director Necip Sayiner sold 579 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the transaction, the director owned 2,900 shares of the company’s stock, valued at $4,359,019. This represents a 16.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the completion of the sale, the insider owned 31,515 shares of the company’s stock, valued at approximately $65,803,320. This represents a 1.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,225 shares of company stock worth $10,166,297 over the last three months. 0.21% of the stock is currently owned by company insiders.

Sandisk Stock Down 4.0%

Sandisk stock opened at $1,354.38 on Friday. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39. The firm’s fifty day moving average is $1,746.25 and its 200 day moving average is $1,042.54. The company has a market capitalization of $200.57 billion, a PE ratio of 47.08 and a beta of 4.74.

Sandisk (NASDAQ:SNDK – Get Free Report) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.17 by $9.24. The business had revenue of $5.95 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm’s revenue was up 251.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts expect that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SNDK. UBS Group set a $1,700.00 price objective on shares of Sandisk in a research report on Monday, May 4th. The Goldman Sachs Group restated a “buy” rating and issued a $1,200.00 target price on shares of Sandisk in a report on Friday, May 1st. Weiss Ratings raised shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 6th. Bank of America increased their price target on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Finally, Mizuho upped their target price on Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Sandisk presently has an average rating of “Moderate Buy” and a consensus target price of $1,803.29.

Get Our Latest Stock Report on SNDK

About Sandisk

(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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Want to see what other hedge funds are holding SNDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sandisk Corporation (NASDAQ:SNDK – Free Report).

Institutional Ownership by Quarter for Sandisk (NASDAQ:SNDK)

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