Handelsbanken Fonder AB Has $164.56 Million Stock Position in Intuit Inc. $INTU

Handelsbanken Fonder AB grew its position in shares of Intuit Inc. (NASDAQ:INTU) by 11.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 240,975 shares of the software maker’s stock after acquiring an additional 25,190 shares during the period. Intuit accounts for approximately 0.5% of Handelsbanken Fonder AB’s investment portfolio, making the stock its 27th biggest holding. Handelsbanken Fonder AB’s holdings in Intuit were worth $164,564,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Telos Capital Management Inc. boosted its stake in shares of Intuit by 2.6% during the 2nd quarter. Telos Capital Management Inc. now owns 585 shares of the software maker’s stock worth $461,000 after acquiring an additional 15 shares in the last quarter. Mcrae Capital Management Inc. boosted its holdings in Intuit by 0.7% in the 2nd quarter. Mcrae Capital Management Inc. now owns 2,187 shares of the software maker’s stock valued at $1,723,000 after purchasing an additional 15 shares during the period. Fort Sheridan Advisors LLC grew its position in Intuit by 2.1% in the 2nd quarter. Fort Sheridan Advisors LLC now owns 722 shares of the software maker’s stock worth $569,000 after purchasing an additional 15 shares during the last quarter. BetterWealth LLC grew its position in Intuit by 3.8% in the 3rd quarter. BetterWealth LLC now owns 412 shares of the software maker’s stock worth $281,000 after purchasing an additional 15 shares during the last quarter. Finally, Sachetta LLC increased its holdings in shares of Intuit by 23.8% during the 3rd quarter. Sachetta LLC now owns 78 shares of the software maker’s stock worth $53,000 after purchasing an additional 15 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Insider Activity

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

Analysts Set New Price Targets

Several research firms recently weighed in on INTU. Daiwa Securities Group increased their target price on shares of Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. BNP Paribas Exane cut their price target on Intuit from $600.00 to $340.00 and set an “underperform” rating for the company in a report on Monday. Royal Bank Of Canada reissued an “outperform” rating on shares of Intuit in a report on Wednesday, January 28th. Susquehanna lowered their price objective on Intuit from $819.00 to $720.00 and set a “positive” rating on the stock in a research report on Tuesday. Finally, Jefferies Financial Group set a $650.00 target price on Intuit in a research report on Sunday. Twenty-two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $726.18.

Intuit Price Performance

Intuit stock opened at $394.42 on Friday. The business has a 50 day simple moving average of $531.35 and a 200 day simple moving average of $620.12. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market capitalization of $109.76 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24. Intuit Inc. has a one year low of $349.00 and a one year high of $813.70.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. The firm had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.53 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The business’s revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.32 earnings per share. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, sell-side analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 beat — Intuit reported $4.15 EPS and $4.65B revenue (both above consensus), with revenue up ~17% year‑over‑year; the quarter shows continued growth and margin strength. MarketBeat: Q2 results
• Positive Sentiment: AI partnership & CEO messaging — Management emphasized Anthropic and other AI collaborations as strategic tailwinds and said domain‑specific AI will augment Intuit’s products rather than displace them, which supports the company’s long‑term narrative. Yahoo: Anthropic deal & valuation
• Positive Sentiment: Board dividend — The board declared a cash dividend, signaling confidence in cash flow and returning capital to shareholders. TipRanks: Dividend announcement
• Neutral Sentiment: Market framing — Some analysts and research pieces argue Intuit is a long‑term AI “winner” with strong switching costs (alleviating some fear around AI disruption), but sentiment remains mixed across the sell side. MarketBeat/Altimetry: software winners vs losers
• Negative Sentiment: Soft Q3 guidance — Management set FQ3 EPS guidance below Street expectations (Q3 EPS range ~12.45–12.51 vs higher consensus) and warned of higher marketing spend for the U.S. tax season, which directly pressured the stock despite the quarterly beat. Seeking Alpha: Guidance reaction
• Negative Sentiment: After‑hours pullback and headlines — Multiple outlets report the shares slid after hours and into the next session as investors reacted to the weaker outlook and marketing cost commentary. Blockonomi: stock tumbles on guidance
• Negative Sentiment: Rising short interest & analyst caution — Short interest ticked up (~40% increase month‑over‑month) and some firms have trimmed targets or expressed caution, adding pressure to near‑term sentiment. Barchart: short interest & performance
• Negative Sentiment: Regulatory risk — A proposed bill to revive IRS Direct File (led by Sen. Warren) highlights long‑term regulatory risk to commercial tax‑prep revenues; this is a political/regulatory overhang to monitor. Benzinga: Direct File bill

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.