Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Position in Intuit Inc. $INTU

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 4.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 580,868 shares of the software maker’s stock after buying an additional 25,498 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of Intuit worth $396,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after buying an additional 1,350 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after purchasing an additional 482 shares during the last quarter. Nicholas Hoffman & Company LLC. purchased a new position in Intuit during the 1st quarter valued at $785,564,000. Sivia Capital Partners LLC increased its position in shares of Intuit by 23.1% during the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after acquiring an additional 166 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC grew its holdings in Intuit by 20.6% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 954 shares of the software maker’s stock worth $751,000 after acquiring an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the transaction, the director directly owned 13,476 shares in the company, valued at $8,893,486.20. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Scott D. Cook sold 75,000 shares of Intuit stock in a transaction on Monday, December 29th. The stock was sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the sale, the director owned 5,669,584 shares in the company, valued at $3,818,067,953.12. This represents a 1.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 388,464 shares of company stock worth $255,514,393. Insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on INTU shares. Susquehanna dropped their price target on Intuit from $819.00 to $720.00 and set a “positive” rating on the stock in a research note on Tuesday. Evercore restated an “outperform” rating and set a $875.00 price objective on shares of Intuit in a research report on Tuesday, November 18th. Oppenheimer dropped their price target on Intuit from $868.00 to $696.00 and set an “outperform” rating for the company in a research report on Tuesday, February 3rd. The Goldman Sachs Group initiated coverage on Intuit in a research note on Monday, January 12th. They issued a “neutral” rating and a $720.00 price target on the stock. Finally, Jefferies Financial Group set a $650.00 price objective on Intuit in a research report on Sunday. Twenty-two 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. Based on data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and an average target price of $726.18.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Anthropic partnership strengthens Intuit’s AI roadmap and briefly lifted the stock as the deal promises customizable AI agents for QuickBooks/TurboTax customers and embeds Intuit tools into Anthropic’s agent ecosystem. Intuit Partners With Anthropic on Agents
• Positive Sentiment: Some analysts and quant research single out Intuit as an AI “winner” with strong switching costs and ecosystem defensibility — a narrative that supports a longer-term buy thesis despite near-term weakness. (Market/analyst coverage highlighted this view.)
• Neutral Sentiment: Upcoming fiscal Q2 earnings preview calls for continued revenue growth across QuickBooks, TurboTax and Credit Karma — earnings will be a near-term catalyst that could validate or weaken the AI/strategy narrative. Q4/Q2 Earnings Preview
• Negative Sentiment: Wells Fargo cut its price target sharply (from $700 to $425) and moved to an equal-weight view, signaling weaker near-term expectations and weighing on sentiment. Wells Fargo target cut
• Negative Sentiment: Multiple broker notes (Barclays, BNP Paribas Exane and others) and at least one downgrade/“pessimistic forecast” pieces have hit the tape, adding downward pressure and contributing to a new 1‑year low after the analyst reactions. Analyst pessimistic forecasts
• Negative Sentiment: Short interest surged in February (about a 40% increase vs. late January, now ~3.1% of float), which can amplify downside moves and signals some investors are betting on further near-term weakness.

Intuit Trading Up 6.3%

NASDAQ INTU opened at $381.23 on Thursday. The stock has a market capitalization of $106.08 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. The firm has a 50 day moving average of $536.83 and a two-hundred day moving average of $621.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit Inc. has a 52 week low of $349.00 and a 52 week high of $813.70.

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.