Intuit Inc. $INTU Shares Purchased by TD Asset Management Inc

TD Asset Management Inc raised its stake in shares of Intuit Inc. (NASDAQ:INTU) by 22.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 169,837 shares of the software maker’s stock after acquiring an additional 31,624 shares during the quarter. TD Asset Management Inc’s holdings in Intuit were worth $115,983,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of INTU. Telos Capital Management Inc. lifted its position in shares of Intuit by 2.6% during the second quarter. Telos Capital Management Inc. now owns 585 shares of the software maker’s stock worth $461,000 after purchasing an additional 15 shares during the last quarter. Mcrae Capital Management Inc. raised its stake in Intuit by 0.7% during the second quarter. Mcrae Capital Management Inc. now owns 2,187 shares of the software maker’s stock valued at $1,723,000 after buying an additional 15 shares in the last quarter. Fort Sheridan Advisors LLC raised its stake in Intuit by 2.1% during the second quarter. Fort Sheridan Advisors LLC now owns 722 shares of the software maker’s stock valued at $569,000 after buying an additional 15 shares in the last quarter. BetterWealth LLC lifted its holdings in Intuit by 3.8% during the 3rd quarter. BetterWealth LLC now owns 412 shares of the software maker’s stock worth $281,000 after buying an additional 15 shares during the last quarter. Finally, Sachetta LLC grew its position in shares of Intuit by 23.8% in the 3rd quarter. Sachetta LLC now owns 78 shares of the software maker’s stock worth $53,000 after acquiring an additional 15 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Announced a multi‑year partnership with Anthropic to build customizable AI agents for QuickBooks/TurboTax and to surface Intuit’s financial models inside Anthropic products — this reassures investors that Intuit is leaning into AI as a capability enhancer (boost to product moat and revenue optionality). Read More.
• Positive Sentiment: Analyst reaction: William Blair and other voices highlighted the Anthropic tie as strengthening Intuit’s AI roadmap and competitive moat, helping underpin buy ratings and bullish commentary. Read More.
• Neutral Sentiment: Upcoming earnings: Intuit is set to report soon; previews expect continued double‑digit revenue growth across QuickBooks, TurboTax and Credit Karma, but results/outlook will be a key near‑term catalyst. Read More.
• Neutral Sentiment: Sector context: software names remain under pressure as investors sort winners vs. losers in the AI cycle — this creates volatility but also narrative support for well‑positioned names like Intuit. Read More.
• Negative Sentiment: Analyst downside pressure: Wells Fargo trimmed its price target sharply (from $700 to $425) and other firms issued cautious forecasts — these downgrades increase near‑term selling risk despite the Anthropic news. Read More.
• Negative Sentiment: Short interest jumped ~40% month‑over‑month to ~8.3M shares (~3.1% of float), raising the potential for continued downward pressure or volatility if sentiment reverses — days‑to‑cover remains modest (~1.7 days), so squeezes are possible but limited.
• Negative Sentiment: Shares recently hit a 52‑week low amid the sector selloff, reflecting persistent investor anxiety that could limit upside until earnings and early Anthropic integrations show traction. Read More.

Analyst Ratings Changes

Several equities research analysts recently issued reports on INTU shares. Mizuho set a $675.00 price target on Intuit in a research report on Thursday, February 19th. Evercore reissued an “outperform” rating and set a $875.00 target price on shares of Intuit in a report on Tuesday, November 18th. The Goldman Sachs Group started coverage on shares of Intuit in a report on Monday, January 12th. They issued a “neutral” rating and a $720.00 price target for the company. TD Cowen dropped their price objective on shares of Intuit from $802.00 to $658.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Finally, Daiwa Securities Group lifted their target price on Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Twenty-two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Intuit has an average rating of “Moderate Buy” and a consensus price target of $726.18.

Intuit Trading Up 6.3%

Shares of NASDAQ:INTU opened at $381.23 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $536.83 and its 200 day moving average price is $621.70. The company has a market cap of $106.08 billion, a PE ratio of 26.06, a P/E/G ratio of 1.47 and a beta of 1.24. Intuit Inc. has a fifty-two week low of $349.00 and a fifty-two week high of $813.70.

Insider Activity

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’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 value of $26,654,100.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott D. Cook sold 1,402 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total value of $936,564.04. Following the transaction, the director owned 5,668,182 shares of the company’s stock, valued at $3,786,458,939.64. This trade represents a 0.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 388,464 shares of company stock worth $255,514,393 over the last ninety days. 2.49% of the stock is owned by company insiders.

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.