Mar Vista Investment Partners LLC Decreases Holdings in Intuit Inc. $INTU

Mar Vista Investment Partners LLC cut its stake in Intuit Inc. (NASDAQ:INTU) by 12.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,501 shares of the software maker’s stock after selling 8,774 shares during the quarter. Intuit comprises approximately 3.8% of Mar Vista Investment Partners LLC’s holdings, making the stock its 11th largest holding. Mar Vista Investment Partners LLC’s holdings in Intuit were worth $43,365,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tortoise Investment Management LLC grew its holdings in shares of Intuit by 540.0% in the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after purchasing an additional 27 shares during the last quarter. Westside Investment Management Inc. raised its stake in Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after buying an additional 21 shares in the last quarter. Sagard Holdings Management Inc. bought a new position in Intuit in the second quarter worth about $28,000. True Wealth Design LLC lifted its position in Intuit by 270.0% during the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after acquiring an additional 27 shares during the last quarter. Finally, Total Investment Management Inc. purchased a new position in shares of Intuit in the 2nd quarter valued at approximately $33,000. Institutional investors own 83.66% of the company’s stock.

Key Stories 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.

Insider Buying and Selling

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total value of $26,654,100.00. Following the sale, the chief executive officer directly owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sandeep Aujla sold 1,335 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $629.46, for a total value of $840,329.10. Following the sale, the chief financial officer directly owned 536 shares of the company’s stock, valued at approximately $337,390.56. This trade represents a 71.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 388,464 shares of company stock valued at $255,514,393 over the last three months. Insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Susquehanna decreased their price target on Intuit from $819.00 to $720.00 and set a “positive” rating for the company in a report on Tuesday. KeyCorp lowered their price target on Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. TD Cowen lowered their price target on Intuit from $802.00 to $658.00 and set a “buy” rating for the company in a research report on Monday, February 9th. BMO Capital Markets dropped their price objective on shares of Intuit from $810.00 to $624.00 and set an “outperform” rating for the company in a report on Tuesday, February 10th. Finally, UBS Group set a $739.00 price target on Intuit in a research report on Tuesday, January 6th. Twenty-two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $726.18.

Intuit Price Performance

Intuit stock opened at $381.23 on Thursday. The business has a fifty day moving average of $536.83 and a two-hundred day moving average of $621.70. Intuit Inc. has a one year low of $349.00 and a one year high of $813.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $106.08 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24.

Intuit Profile

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.