Intuit Inc. $INTU Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC increased its position in Intuit Inc. (NASDAQ:INTU) by 16.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,677 shares of the software maker’s stock after buying an additional 9,741 shares during the period. HighTower Advisors LLC’s holdings in Intuit were worth $46,221,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of INTU. Tortoise Investment Management LLC boosted its holdings 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 worth $25,000 after purchasing an additional 27 shares during the last quarter. Westside Investment Management Inc. boosted its stake in Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after buying an additional 21 shares during the last quarter. Sagard Holdings Management Inc. purchased a new stake in Intuit in the 2nd quarter valued at about $28,000. True Wealth Design LLC grew its holdings in Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after buying an additional 27 shares during the period. Finally, LGT Financial Advisors LLC acquired a new position in shares of Intuit during the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Intuit from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, February 5th. Wells Fargo & Company reissued an “equal weight” rating and set a $700.00 price objective (down from $840.00) on shares of Intuit in a research note on Thursday, January 8th. UBS Group set a $739.00 target price on Intuit in a research report on Tuesday, January 6th. KeyCorp lowered their price target on Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Finally, Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Twenty-two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and an average target price of $772.42.

Intuit Trading Down 5.1%

NASDAQ:INTU opened at $379.17 on Wednesday. The business’s 50-day moving average is $571.69 and its two-hundred day moving average is $637.30. The firm has a market capitalization of $105.51 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 1.63 and a beta of 1.24. Intuit Inc. has a 12 month low of $375.40 and a 12 month high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Bullish AI thesis: several analysts/commentators argue Intuit’s AI-powered “done-for-you” products are driving ARPU, cross‑sell and margin expansion; Seeking Alpha reiterates a Buy view citing Q1 revenue growth, strong net-income expansion and durable competitive advantages. Intuit: Investors Fear AI — But AI Is Exactly What Makes It A Buy
• Positive Sentiment: Fundamentals remain supportive: Intuit reported a recent quarter that beat EPS and revenue estimates and set Q2 FY26 guidance, showing double-digit revenue growth — factors that underpin long-term upside even as near-term selling occurs.
• Neutral Sentiment: Macro/retail context: articles on tax‑season stress and broader sector rotation (space/tech) are circulating but are not Intuit-specific; they provide background on investor sentiment rather than direct company drivers. Tax season tops the list of financial stressors, especially for Gen Z
• Neutral Sentiment: Sector noise: broader market/sector stories (mixed performance in other high-growth names) may be increasing volatility but are not directly tied to Intuit’s core business. AST SpaceMobile, Intuitive Machines, and Rocket Lab Tumble While Iridium Gains
• Negative Sentiment: Analyst pressure: TD Cowen lowered its price target on INTU, which can prompt investors to trim positions and adds downward pressure on the stock. TD Cowen Lowers PT on Intuit Inc. (INTU) Stock
• Negative Sentiment: Stock-specific selling: coverage notes Intuit fell despite a broader market uptick, suggesting company-specific selling; volume is above average, signaling conviction behind the down move. Intuit (INTU) Stock Falls Amid Market Uptick: What Investors Need to Know
• Negative Sentiment: Technicals and positioning: shares are trading well below the 50- and 200-day moving averages and near the 12‑month low, which can trigger momentum selling and margin/crowded‑trade unwind. Reported short‑interest data in recent feeds appeared unusual (a spike was noted but data showed zeros), indicating volatility in positioning and potential for further pressure.

Insider Activity

In other news, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the transaction, the chief financial officer owned 536 shares in the company, valued at approximately $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 a total of 388,464 shares of company stock valued at $255,514,393 over the last ninety days. 2.49% of the stock is owned by company insiders.

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.