Intuit Inc. $INTU Shares Purchased by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. raised its stake in Intuit Inc. (NASDAQ:INTU) by 25.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,907 shares of the software maker’s stock after acquiring an additional 1,408 shares during the period. LGT Fund Management Co Ltd.’s holdings in Intuit were worth $4,693,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of INTU. Norges Bank acquired a new position in shares of Intuit in the 2nd quarter worth $3,268,830,000. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit during the first quarter valued at $785,564,000. Winslow Capital Management LLC purchased a new stake in shares of Intuit during the second quarter valued at $782,677,000. Vanguard Group Inc. boosted its position in shares of Intuit by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after purchasing an additional 914,024 shares during the period. Finally, Swedbank AB boosted its position in shares of Intuit by 575.4% in the 3rd quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock valued at $602,023,000 after purchasing an additional 751,027 shares during the period. 83.66% of the stock is owned by institutional investors.

Insider Activity at Intuit

In other Intuit news, CEO Sasan K. Goodarzi sold 41,000 shares of the 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 completion of the sale, the chief executive officer owned 13,611 shares in the company, valued at $8,848,511.10. This represents a 75.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of Intuit stock in a transaction on Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the sale, the chief financial officer directly owned 536 shares of the company’s stock, valued at $337,390.56. This trade represents a 71.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 194,596 shares of company stock worth $128,706,764 in the last quarter. 2.49% of the stock is owned by corporate insiders.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 earnings beat & guidance: Intuit reported a better‑than‑expected quarter (EPS and revenue beats, revenue +17% y/y) and set Q3/FY26 guidance that supports continued growth — this is the main fundamental driver for the rally. INTU Stock Rises 18.3% Post Q2 Earnings
• Positive Sentiment: Big AI partnership: Intuit announced a broad collaboration with Anthropic to build customizable AI agents for mid‑market customers — this supports product differentiation, upsell potential and the company’s AI-driven revenue narrative. Intuit Anthropic AI Agents Aim To Deepen Mid Market Integration
• Positive Sentiment: Analyst upgrades & upside to price targets: Multiple firms raised or reiterated bullish ratings (Northcoast upgrade to Buy with $575 PT; Argus strong‑buy; the consensus analyst targets imply material upside), underpinning investor confidence. Finviz (Northcoast upgrade) Wall Street Analysts Predict a 33.67% Upside
• Positive Sentiment: Sector rotation into software: Broader flows have favored software this week vs. semiconductors, lifting beaten-down software names including Intuit and providing a momentum tailwind. Tech Rotation Swings Back Toward Software
• Neutral Sentiment: Momentum & valuation questions: The stock has had a sharp multi‑day run (Forbes notes a 7‑day +30% move), prompting debate over whether the rally is overextended vs. justified by fundamentals. Monitor near‑term profit‑taking risk. Is Intuit Stock Rally Overextended Or Just Getting Started?
• Neutral Sentiment: Earnings acceleration theme: Screens and analyst commentary highlight improving EPS revisions and acceleration metrics — bullish signal, but execution and AI monetization will determine durability. 3 Best Earnings Acceleration Stocks to Buy in March 2026
• Negative Sentiment: Some price‑target trims despite buy ratings: A number of firms trimmed targets (Daiwa, TD Cowen, Mizuho, JPMorgan) even while keeping buy ratings — this signals varied views on upside and valuation sensitivity. That increases short‑term volatility risk if guidance/AI execution falters. Daiwa Lowers PT to $640

Intuit Trading Up 3.1%

Shares of NASDAQ INTU opened at $481.17 on Monday. Intuit Inc. has a one year low of $349.00 and a one year high of $813.70. The firm has a market capitalization of $133.07 billion, a PE ratio of 31.16, a PEG ratio of 1.93 and a beta of 1.27. 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 business has a 50-day moving average price of $503.41 and a two-hundred day moving average price of $607.54.

Intuit (NASDAQ:INTU) last issued its 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 company had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.32 EPS. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, April 9th. Intuit’s dividend payout ratio is currently 31.09%.

Analysts Set New Price Targets

Several analysts have issued reports on INTU shares. Wolfe Research cut their price objective on Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Independent Research set a $875.00 target price on shares of Intuit in a report on Tuesday, November 18th. BNP Paribas Exane dropped their target price on shares of Intuit from $600.00 to $340.00 and set an “underperform” rating on the stock in a research report on Monday, February 23rd. Stifel Nicolaus cut their price target on shares of Intuit from $800.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, Evercore restated an “outperform” rating and issued a $875.00 price target on shares of Intuit in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $642.32.

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.