135,178 Shares in Intuit Inc. $INTU Bought by Atreides Management LP

Atreides Management LP acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 135,178 shares of the software maker’s stock, valued at approximately $92,314,000. Intuit makes up approximately 1.8% of Atreides Management LP’s investment portfolio, making the stock its 17th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC lifted its position in shares of Intuit by 540.0% during the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after buying an additional 27 shares during the last quarter. Sagard Holdings Management Inc. purchased a new position in shares of Intuit in the 2nd quarter worth approximately $28,000. MTM Investment Management LLC grew its position in shares of Intuit by 135.0% in the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after buying an additional 27 shares during the last quarter. Total Investment Management Inc. bought a new position in shares of Intuit during the 2nd quarter worth approximately $33,000. Finally, Kilter Group LLC purchased a new stake in Intuit during the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Wolfe Research set a $550.00 price objective on Intuit and gave the company an “outperform” rating in a report on Thursday. Wall Street Zen cut Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Susquehanna dropped their target price on Intuit from $819.00 to $720.00 and set a “positive” rating on the stock in a research note on Tuesday, February 24th. Finally, Wells Fargo & Company reduced their target price on Intuit from $700.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $634.26.

Insider Transactions at Intuit

In related news, CFO Sandeep Aujla sold 1,335 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the sale, the chief financial officer owned 536 shares in the company, valued at $337,390.56. This represents a 71.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the transaction, the director owned 13,253 shares in the company, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 120,501 shares of company stock valued at $79,983,892 over the last three months. Company insiders own 2.49% of the company’s stock.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Multi‑year partnership with Anthropic to build AI financial agents strengthens Intuit’s AI product roadmap and long‑term revenue opportunity, supporting buy‑side interest. Read More.
• Positive Sentiment: Rothschild & Co Redburn upgraded Intuit, providing fresh analyst support that can anchor the stock amid recent weakness. Read More.
• Neutral Sentiment: Company announced a quarterly dividend (ex‑dividend April 9), a steady capital‑return sign but modest yield—likely a neutral to mild positive for income‑focused investors. Read More.
• Neutral Sentiment: Analyses and valuation pieces note a multi‑month share selloff and re‑rating debate—keeps the stock in focus but produces mixed signals for timing. Read More.
• Negative Sentiment: Management’s Q3 profit guidance came in below Wall Street estimates after the Feb. 26 earnings release; that guidance miss triggered a post‑earnings pullback and remains a key near‑term risk. Read More.
• Negative Sentiment: Director Richard L. Dalzell sold 333 shares (~$440 avg) recently, reducing his stake modestly; while small in size, insider sales can be read negatively in a down tape. Read More.

Intuit Trading Up 1.1%

NASDAQ INTU opened at $439.96 on Friday. Intuit Inc. has a 12-month low of $349.00 and a 12-month high of $813.70. The company has a fifty day simple moving average of $482.31 and a two-hundred day simple moving average of $600.26. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The stock has a market cap of $121.67 billion, a P/E ratio of 28.49, a P/E/G ratio of 1.77 and a beta of 1.26.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data 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. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The firm had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the company earned $3.32 earnings per share. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. 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, analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 9th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.1%. Intuit’s dividend payout ratio is currently 31.09%.

Intuit Company 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.