Intuit Inc. $INTU Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA reduced its position in shares of Intuit Inc. (NASDAQ:INTU) by 14.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,121,452 shares of the software maker’s stock after selling 186,285 shares during the period. Primecap Management Co. CA owned about 0.40% of Intuit worth $765,851,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC lifted its holdings in Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after buying an additional 27 shares during the last quarter. Westside Investment Management Inc. raised its position in shares of Intuit by 161.5% during the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after acquiring an additional 21 shares in the last quarter. Sagard Holdings Management Inc. purchased a new stake in Intuit during the second quarter worth approximately $28,000. True Wealth Design LLC boosted its holdings in Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after purchasing an additional 27 shares in the last quarter. Finally, MTM Investment Management LLC boosted its holdings in Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In other news, Director Scott D. Cook sold 1,402 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total value of $936,564.04. Following the completion of the sale, the director owned 5,668,182 shares in the company, valued at approximately $3,786,458,939.64. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of Intuit stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the completion of the sale, the chief financial officer directly owned 536 shares in the company, valued at approximately $337,390.56. The trade was a 71.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 388,464 shares of company stock valued at $255,514,393 in the last ninety days. Company insiders own 2.49% of the company’s stock.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Announced a multi‑year partnership with Anthropic to build customizable AI agents for QuickBooks/TurboTax and to surface Intuit’s financial models inside Anthropic products — this reassures investors that Intuit is leaning into AI as a capability enhancer (boost to product moat and revenue optionality). Read More.
• Positive Sentiment: Analyst reaction: William Blair and other voices highlighted the Anthropic tie as strengthening Intuit’s AI roadmap and competitive moat, helping underpin buy ratings and bullish commentary. Read More.
• Neutral Sentiment: Upcoming earnings: Intuit is set to report soon; previews expect continued double‑digit revenue growth across QuickBooks, TurboTax and Credit Karma, but results/outlook will be a key near‑term catalyst. Read More.
• Neutral Sentiment: Sector context: software names remain under pressure as investors sort winners vs. losers in the AI cycle — this creates volatility but also narrative support for well‑positioned names like Intuit. Read More.
• Negative Sentiment: Analyst downside pressure: Wells Fargo trimmed its price target sharply (from $700 to $425) and other firms issued cautious forecasts — these downgrades increase near‑term selling risk despite the Anthropic news. Read More.
• Negative Sentiment: Short interest jumped ~40% month‑over‑month to ~8.3M shares (~3.1% of float), raising the potential for continued downward pressure or volatility if sentiment reverses — days‑to‑cover remains modest (~1.7 days), so squeezes are possible but limited.
• Negative Sentiment: Shares recently hit a 52‑week low amid the sector selloff, reflecting persistent investor anxiety that could limit upside until earnings and early Anthropic integrations show traction. Read More.

Analysts Set New Price Targets

Several brokerages have recently weighed in on INTU. Barclays reduced their price objective on shares of Intuit from $785.00 to $540.00 and set an “overweight” rating for the company in a research report on Monday. BNP Paribas Exane reduced their price target on shares of Intuit from $600.00 to $340.00 and set an “underperform” rating for the company in a research report on Monday. BMO Capital Markets dropped their price objective on Intuit from $810.00 to $624.00 and set an “outperform” rating on the stock in a report on Tuesday, February 10th. KeyCorp cut their target price on Intuit from $825.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Finally, Independent Research set a $875.00 target price on Intuit in a research report on Tuesday, November 18th. Twenty-two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Intuit currently has an average rating of “Moderate Buy” and a consensus target price of $726.18.

Intuit Stock Up 6.3%

Intuit stock opened at $381.23 on Thursday. Intuit Inc. has a twelve month low of $349.00 and a twelve month high of $813.70. The stock has a 50 day moving average of $536.83 and a two-hundred day moving average of $621.70. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $106.08 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 1.47 and a beta of 1.24.

About Intuit

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.