US Bancorp DE Has $132.60 Million Stock Holdings in Intuit Inc. $INTU

US Bancorp DE increased its position in Intuit Inc. (NASDAQ:INTU) by 9.2% in the third quarter, Holdings Channel.com reports. The firm owned 194,159 shares of the software maker’s stock after acquiring an additional 16,430 shares during the period. US Bancorp DE’s holdings in Intuit were worth $132,595,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC grew its position in shares of Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after buying an additional 27 shares during the period. Westside Investment Management Inc. boosted its stake in Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after acquiring an additional 21 shares during the last quarter. Sagard Holdings Management Inc. bought a new position in Intuit in the second quarter valued at approximately $28,000. True Wealth Design LLC grew its holdings in Intuit by 270.0% during the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after acquiring an additional 27 shares during the period. Finally, Total Investment Management Inc. bought a new stake in shares of Intuit during the 2nd quarter valued at $33,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Performance

Shares of INTU stock opened at $381.23 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. Intuit Inc. has a 52 week low of $349.00 and a 52 week high of $813.70. The company’s 50 day moving average price is $536.83 and its two-hundred day moving average price is $621.70. The company has a market capitalization of $106.08 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24.

Insider Activity at Intuit

In other Intuit news, CEO Sasan K. Goodarzi sold 41,000 shares of the 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 transaction, the chief executive officer owned 13,611 shares in the company, valued at approximately $8,848,511.10. This represents a 75.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $8,893,486.20. This trade represents a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is owned by insiders.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Anthropic partnership strengthens Intuit’s AI roadmap and briefly lifted the stock as the deal promises customizable AI agents for QuickBooks/TurboTax customers and embeds Intuit tools into Anthropic’s agent ecosystem. Intuit Partners With Anthropic on Agents
• Positive Sentiment: Some analysts and quant research single out Intuit as an AI “winner” with strong switching costs and ecosystem defensibility — a narrative that supports a longer-term buy thesis despite near-term weakness. (Market/analyst coverage highlighted this view.)
• Neutral Sentiment: Upcoming fiscal Q2 earnings preview calls for continued revenue growth across QuickBooks, TurboTax and Credit Karma — earnings will be a near-term catalyst that could validate or weaken the AI/strategy narrative. Q4/Q2 Earnings Preview
• Negative Sentiment: Wells Fargo cut its price target sharply (from $700 to $425) and moved to an equal-weight view, signaling weaker near-term expectations and weighing on sentiment. Wells Fargo target cut
• Negative Sentiment: Multiple broker notes (Barclays, BNP Paribas Exane and others) and at least one downgrade/“pessimistic forecast” pieces have hit the tape, adding downward pressure and contributing to a new 1‑year low after the analyst reactions. Analyst pessimistic forecasts
• Negative Sentiment: Short interest surged in February (about a 40% increase vs. late January, now ~3.1% of float), which can amplify downside moves and signals some investors are betting on further near-term weakness.

Analyst Upgrades and Downgrades

INTU has been the topic of several recent research reports. BNP Paribas Exane reduced their price target on Intuit from $600.00 to $340.00 and set an “underperform” rating on the stock in a research report on Monday. Wolfe Research decreased their target price on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Royal Bank Of Canada reissued an “outperform” rating on shares of Intuit in a research note on Wednesday, January 28th. TD Cowen lowered their target price on shares of Intuit from $802.00 to $658.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Finally, Barclays reduced their price target on shares of Intuit from $785.00 to $540.00 and set an “overweight” rating on the stock in a research report on Monday. Twenty-two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $726.18.

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.