DNB Asset Management AS Purchases 4,683 Shares of Intuit Inc. $INTU

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

A number of other institutional investors and hedge funds have also modified their holdings of INTU. Brighton Jones LLC raised its position in shares of Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after acquiring an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after buying an additional 482 shares during the period. Nicholas Hoffman & Company LLC. bought a new position in Intuit during the first quarter worth about $785,564,000. Sivia Capital Partners LLC grew its position in shares of Intuit by 23.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after buying an additional 166 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of Intuit by 20.6% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 954 shares of the software maker’s stock valued at $751,000 after acquiring an additional 163 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on INTU shares. TD Cowen reduced 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. BNP Paribas Exane decreased their price target on shares of Intuit from $600.00 to $340.00 and set an “underperform” rating for the company in a report on Monday. Oppenheimer lowered their price objective on shares of Intuit from $868.00 to $696.00 and set an “outperform” rating for the company in a research report on Tuesday, February 3rd. Weiss Ratings lowered Intuit from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, February 5th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Intuit in a report on Wednesday, January 28th. Twenty-two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $726.18.

Insider Buying and Selling at Intuit

In related news, CFO Sandeep Aujla sold 1,335 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $629.46, for a total transaction of $840,329.10. Following the sale, the chief financial officer owned 536 shares in the company, valued at approximately $337,390.56. This represents a 71.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the 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 transaction, the director directly 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 388,464 shares of company stock valued at $255,514,393 over the last quarter. 2.49% of the stock is currently owned by corporate insiders.

Key Stories 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

Intuit Stock Up 3.5%

Shares of Intuit stock opened at $394.42 on Friday. The firm has a market cap of $109.76 billion, a PE ratio of 26.96, a P/E/G ratio of 1.56 and a beta of 1.24. The business’s 50 day simple moving average is $531.35 and its 200 day simple moving average is $620.12. 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.

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

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.