DNB Asset Management AS Has $41.08 Million Stock Holdings in Intuit Inc. $INTU

DNB Asset Management AS grew its holdings in Intuit Inc. (NASDAQ:INTU) by 8.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,153 shares of the software maker’s stock after acquiring an additional 4,683 shares during the period. DNB Asset Management AS’s holdings in Intuit were worth $41,079,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Choreo LLC lifted its stake in shares of Intuit by 5.8% in the 3rd quarter. Choreo LLC now owns 12,200 shares of the software maker’s stock valued at $8,331,000 after purchasing an additional 672 shares during the last quarter. West Family Investments Inc. lifted its position in shares of Intuit by 38.2% in the third quarter. West Family Investments Inc. now owns 1,347 shares of the software maker’s stock worth $920,000 after buying an additional 372 shares during the last quarter. Westpac Banking Corp lifted its position in shares of Intuit by 2.1% in the third quarter. Westpac Banking Corp now owns 23,812 shares of the software maker’s stock worth $16,261,000 after buying an additional 490 shares during the last quarter. Interchange Capital Partners LLC boosted its stake in shares of Intuit by 47.3% during the 3rd quarter. Interchange Capital Partners LLC now owns 1,040 shares of the software maker’s stock worth $710,000 after acquiring an additional 334 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Intuit by 4.6% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 580,868 shares of the software maker’s stock valued at $396,681,000 after acquiring an additional 25,498 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 beats — Intuit reported fiscal Q2 results that beat consensus on both EPS and revenue, showing solid revenue growth and margin expansion. Zacks: Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Strong FY EPS guidance — Intuit raised FY2026 EPS guidance (22.98–23.18), above consensus, signaling confidence in longer‑term earnings power even as revenue guidance was roughly in line. Company Press Release
• Positive Sentiment: Anthropic partnership — Intuit announced a multi‑year deal with Anthropic to bring customizable AI agents into its platform, reinforcing its product roadmap for AI-enabled offerings and helping allay fears that AI will commoditize its core businesses. The Information: Intuit Partners With Anthropic
• Neutral Sentiment: Market narrative and analyst views — Thought pieces argue Intuit sits among AI‑resilient software winners, but analysts remain mixed; some price‑target cuts and cautious reports leave near‑term sentiment fragile. MarketBeat: AI Separating Winners From Losers
• Negative Sentiment: Softer Q3 outlook and higher tax‑season marketing spend — Management warned of increased marketing costs during peak tax season and issued a Q3 guide that disappointed some investors, which was the main catalyst for the post‑earnings pullback. Proactive Investors: Soft Guidance Disappoints
• Negative Sentiment: Short interest and analyst pressure — Short interest rose meaningfully in February and several outlets published more pessimistic forecasts or lowered targets, adding selling pressure and raising the potential for continued volatility. American Banking News: Pessimistic Forecasts
• Positive Sentiment: Dividend and capital returns — The board approved a cash dividend, signaling confidence in cash flow and supporting shareholder returns amid the shakeout. TipRanks: Board Declares Cash Dividend

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on INTU shares. Weiss Ratings lowered Intuit from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, February 5th. Barclays decreased their price objective on shares of Intuit from $785.00 to $540.00 and set an “overweight” rating for the company in a report on Monday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Intuit in a report on Wednesday, January 28th. UBS Group set a $739.00 price target on shares of Intuit in a report on Tuesday, January 6th. Finally, Truist Financial began coverage on Intuit in a research report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price target on the stock. Twenty-two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $726.18.

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the sale, the director owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This trade represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sandeep Aujla sold 1,335 shares of the business’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 transaction of $840,329.10. Following the completion of the transaction, the chief financial officer owned 536 shares of the company’s stock, valued at $337,390.56. This trade represents a 71.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 388,464 shares of company stock worth $255,514,393 in the last 90 days. Corporate insiders own 2.49% of the company’s stock.

Intuit Price Performance

Shares of INTU stock opened at $394.42 on Friday. Intuit Inc. has a one year low of $349.00 and a one year 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. The stock’s fifty day simple moving average is $531.35 and its 200 day simple moving average is $620.12. The firm has a market cap of $109.76 billion, a price-to-earnings ratio of 26.96, a P/E/G ratio of 1.56 and a beta of 1.24.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The business had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the company posted $3.32 EPS. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. 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 expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

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.