Magellan Asset Management Ltd Grows Stock Position in Intuit Inc. $INTU

Magellan Asset Management Ltd increased its stake in Intuit Inc. (NASDAQ:INTU) by 8.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 285,052 shares of the software maker’s stock after buying an additional 22,051 shares during the quarter. Intuit comprises approximately 2.3% of Magellan Asset Management Ltd’s holdings, making the stock its 14th largest holding. Magellan Asset Management Ltd’s holdings in Intuit were worth $194,665,000 at the end of the most recent reporting period.

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

Intuit Price Performance

Shares of INTU stock opened at $358.71 on Wednesday. Intuit Inc. has a twelve month low of $349.00 and a twelve month high of $813.70. 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 fifty day simple moving average of $542.43 and a two-hundred day simple moving average of $623.39. The stock has a market capitalization of $99.82 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 1.47 and a beta of 1.24.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Daiwa Securities Group increased their price target on Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. TD Cowen cut their price objective on Intuit from $802.00 to $658.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. UBS Group set a $739.00 target price on Intuit in a research note on Tuesday, January 6th. BNP Paribas Exane decreased their target price on Intuit from $600.00 to $340.00 and set an “underperform” rating for the company in a research report on Monday. Finally, Independent Research set a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. Twenty-two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Intuit currently has an average rating of “Moderate Buy” and a consensus target price of $726.18.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Anthropic partnership — Intuit announced a multi-year tie-up with AI firm Anthropic to build customizable AI agents for QuickBooks/TurboTax and to embed Intuit financial tools into Anthropic products; this deal is being framed as a meaningful step in Intuit’s AI roadmap and helped lift the stock earlier in the session. TipRanks: Intuit Stock Jumps
• Positive Sentiment: Partnership coverage and rollout timing — Coverage reports (PYMNTS, CNBC) add that the companies will start rolling out AI agent experiences in the spring and that Anthropic’s broader partner announcements are lifting software sector sentiment. This supports Intuit’s strategy to accelerate AI features across its ecosystem. PYMNTS: Intuit and Anthropic
• Positive Sentiment: Analyst bullishness — William Blair reiterated a Buy rating, saying the Anthropic partnership strengthens Intuit’s AI roadmap and competitive moat; that institutional endorsement helps underpin the recent uptick. TipRanks: Analyst Note
• Neutral Sentiment: Q2 earnings setup — Analysts expect double‑digit revenue growth for fiscal Q2 with continued momentum across QuickBooks, TurboTax and Credit Karma; upcoming earnings could be a catalyst either way depending on guidance and AI monetization comments. Zacks: Q2 Preview
• Neutral Sentiment: Sector framing — Market commentary argues the software sell-off is separating AI winners from losers; Intuit is cited as a software leader with durable moats, but the piece is more thematic than company‑specific near‑term guidance. MarketBeat: Late-Stage Bull Market
• Negative Sentiment: Analyst price-target cuts — Several firms trimmed Intuit price targets (Wells Fargo to $425, Barclays to $540, BNP Paribas to $340, Susquehanna to $720), reflecting lower near-term expectations and contributing to selling pressure. MarketScreener: Wells Fargo PT
• Negative Sentiment: Technical/valuation stress — The stock recently touched a 52‑week low amid the broader software correction; high short-term volatility and a price now well below recent highs increase downside risk until earnings or clear AI monetization evidence arrives. Investing.com: 52-Week Low

Insider Buying and Selling at Intuit

In other news, Director Scott D. Cook sold 1,402 shares of the business’s stock in a transaction dated 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. The trade was a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the sale, the chief executive officer directly owned 13,611 shares of the company’s stock, valued at $8,848,511.10. The trade was a 75.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 388,464 shares of company stock valued at $255,514,393 in the last ninety days. 2.49% of the stock is owned by insiders.

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.