ASR Vermogensbeheer N.V. 13F: New $29M Stake in Sandisk (SNDK)

ASR Vermogensbeheer N.V. disclosed a new buy of 16,713 shares in Sandisk Corporation (SNDK) valued at about $29.1 million in a filing on October 16, 2026. This marks a new position for the fund, which had no previous holdings in the company.

What Changed in ASR Vermogensbeheer N.V.'s Sandisk Position

ASR Vermogensbeheer N.V. took a new position in Sandisk Corporation with 16,713 shares. The reported value of this stake is approximately $29.1 million. Given that this is a new buy, no percentage change is noted since the fund did not hold any shares prior.

Other Institutional Activity in Sandisk

Several other funds have also reported their positions in Sandisk. Blackrock Inc. reduced its holdings by 108,196 shares, ending with 10,295,300 shares worth about $13.4 billion. Vanguard Capital Management LLC grew its stake by 141,942 shares, bringing its total to 9,668,255 shares valued at around $12.6 billion. FMR, LLC decreased its holdings significantly by 5,529,010 shares, now holding 7,861,665 shares worth about $10.2 billion. State Street Corporation added 353,395 shares to reach a total of 5,927,453 shares worth approximately $7.7 billion. Invesco Ltd. increased its stake by 4,445,117 shares, totaling 5,610,346 shares valued at about $7.3 billion.

Sandisk Corporation Stock Down 6.3%

As of October 16, 2026, Sandisk shares are trading at $1,315.60. This price is below the 50-day moving average of $1,591.35 and significantly below the 52-week high of $2,354.39, showing a decline of about 44.1% from that peak. However, the stock is trading above its 52-week low of $136.29, which is an increase of about 865.3%. The stock is also recently below the mean price target of $2,173.00 set by analysts, reflecting a difference of about 39.5%.

Recent Earnings

Sandisk reported trailing twelve-month revenue of approximately $20.2 billion, with an impressive year-over-year growth rate of 371.6%. The company also holds a net margin of 56.5% and a return on equity of 91.6%. The next earnings report is scheduled for October 29, 2026.

Insider Buying and Selling at Sandisk Corporation

Insider transactions at Sandisk include several notable sales. On September 8, 2026, Bernard Shek, an officer, sold 2,308 shares for a total of approximately $4.08 million. David V. Goeckeler, the CEO, sold 33,838 shares on September 14, 2026, valued at about $51.7 million. Another sale by Goeckeler occurred on September 17, 2026, where he sold an additional 33,841 shares for approximately $53.3 million. Lastly, CFO Lomelin Luis Felipe Visoso sold 1,000 shares on September 15, 2026, totaling about $1.57 million.

Analysts Set New Price Targets

Analysts have maintained various ratings on Sandisk recently. On August 14, 2026, RBC Capital maintained a "Sector Perform" rating with a price target of $1,600. Wells Fargo also maintained its "Equal-Weight" rating with a $1,550 target. Mizuho maintained its "Outperform" rating but updated its price target to $2,050 on October 6, 2026, after previously setting it at $1,875.

About Sandisk Corporation

Sandisk Corporation, based in Milpitas, California, develops and sells data storage devices and solutions using NAND flash technology across the globe. The company's recent growth in revenue and strong margins indicate its significant position in the technology sector, particularly in the computer hardware industry.

Bottom Line

ASR Vermogensbeheer N.V.'s new position in Sandisk is a noteworthy addition to its portfolio as the company approaches its next earnings date on October 29, 2026. This filing reflects holdings as of the reporting period and may not represent the investor's current position. Investors will want to watch for any further developments from Sandisk as it continues to navigate its market challenges. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.