Intuit Inc. $INTU Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in Intuit Inc. (NASDAQ:INTU) by 11.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,975 shares of the software maker’s stock after buying an additional 25,190 shares during the period. Intuit accounts for approximately 0.5% of Handelsbanken Fonder AB’s investment portfolio, making the stock its 27th largest holding. Handelsbanken Fonder AB owned 0.09% of Intuit worth $164,564,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of INTU. Tortoise Investment Management LLC lifted its position in Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after purchasing an additional 27 shares during the last quarter. Westside Investment Management Inc. raised its holdings in shares of Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after buying an additional 21 shares during the last quarter. Sagard Holdings Management Inc. acquired a new position in shares of Intuit during the second quarter worth approximately $28,000. True Wealth Design LLC boosted its position in shares of Intuit by 270.0% during the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after buying an additional 27 shares during the period. Finally, MTM Investment Management LLC grew its holdings in 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 in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 beat — Intuit reported $4.15 EPS and $4.65B revenue (both above consensus), with revenue up ~17% year‑over‑year; the quarter shows continued growth and margin strength. MarketBeat: Q2 results
• Positive Sentiment: AI partnership & CEO messaging — Management emphasized Anthropic and other AI collaborations as strategic tailwinds and said domain‑specific AI will augment Intuit’s products rather than displace them, which supports the company’s long‑term narrative. Yahoo: Anthropic deal & valuation
• Positive Sentiment: Board dividend — The board declared a cash dividend, signaling confidence in cash flow and returning capital to shareholders. TipRanks: Dividend announcement
• Neutral Sentiment: Market framing — Some analysts and research pieces argue Intuit is a long‑term AI “winner” with strong switching costs (alleviating some fear around AI disruption), but sentiment remains mixed across the sell side. MarketBeat/Altimetry: software winners vs losers
• Negative Sentiment: Soft Q3 guidance — Management set FQ3 EPS guidance below Street expectations (Q3 EPS range ~12.45–12.51 vs higher consensus) and warned of higher marketing spend for the U.S. tax season, which directly pressured the stock despite the quarterly beat. Seeking Alpha: Guidance reaction
• Negative Sentiment: After‑hours pullback and headlines — Multiple outlets report the shares slid after hours and into the next session as investors reacted to the weaker outlook and marketing cost commentary. Blockonomi: stock tumbles on guidance
• Negative Sentiment: Rising short interest & analyst caution — Short interest ticked up (~40% increase month‑over‑month) and some firms have trimmed targets or expressed caution, adding pressure to near‑term sentiment. Barchart: short interest & performance
• Negative Sentiment: Regulatory risk — A proposed bill to revive IRS Direct File (led by Sen. Warren) highlights long‑term regulatory risk to commercial tax‑prep revenues; this is a political/regulatory overhang to monitor. Benzinga: Direct File bill

Analyst Ratings Changes

INTU has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Intuit in a research note on Wednesday, January 28th. Wolfe Research cut their price objective on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Independent Research set a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. TD Cowen dropped their price target on shares of Intuit from $802.00 to $658.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Finally, Susquehanna reduced their price target on shares of Intuit from $819.00 to $720.00 and set a “positive” rating for the company in a research note on Tuesday. Twenty-two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and an average target price of $726.18.

Insider Activity

In related news, CFO Sandeep Aujla sold 1,335 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were 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 of the company’s stock, valued at approximately $337,390.56. This trade represents a 71.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the transaction, the director owned 13,476 shares in the company, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 388,464 shares of company stock worth $255,514,393 in the last quarter. Insiders own 2.49% of the company’s stock.

Intuit Stock Up 3.5%

Shares of Intuit stock opened at $394.42 on Friday. The stock’s fifty day moving average is $531.35 and its 200-day moving average is $620.12. The firm has a market capitalization of $109.76 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit Inc. has a 12-month low of $349.00 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly 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 business had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.53 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.Intuit’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter last year, the company posted $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. Equities analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

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.