Coatue Management LLC Sells 206,636 Shares of Intuit Inc. $INTU

Coatue Management LLC cut its holdings in Intuit Inc. (NASDAQ:INTU) by 19.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 839,460 shares of the software maker’s stock after selling 206,636 shares during the quarter. Intuit makes up about 1.4% of Coatue Management LLC’s investment portfolio, making the stock its 24th largest position. Coatue Management LLC’s holdings in Intuit were worth $573,276,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in INTU. NEOS Investment Management LLC increased its holdings in Intuit by 63.8% during the third quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock valued at $82,984,000 after buying an additional 47,330 shares during the period. Varma Mutual Pension Insurance Co raised its stake in Intuit by 8.7% in the third quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock worth $30,771,000 after buying an additional 3,600 shares in the last quarter. Nicholson Wealth Management Group LLC purchased a new stake in Intuit during the third quarter worth $1,465,000. Hantz Financial Services Inc. boosted its position in Intuit by 50.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock valued at $21,765,000 after acquiring an additional 10,661 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in Intuit by 15.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock valued at $32,526,000 after acquiring an additional 6,503 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $439.96 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $482.31 and its 200 day moving average is $600.26. Intuit Inc. has a twelve month low of $349.00 and a twelve month high of $813.70. The company has a market cap of $121.67 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 1.77 and a beta of 1.26.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating the consensus estimate of $3.68 by $0.47. The company had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The firm’s revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.32 earnings per share. 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, sell-side analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, April 9th. Intuit’s payout ratio is currently 31.09%.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Multi‑year partnership with Anthropic to build AI financial agents strengthens Intuit’s AI product roadmap and long‑term revenue opportunity, supporting buy‑side interest. Read More.
• Positive Sentiment: Rothschild & Co Redburn upgraded Intuit, providing fresh analyst support that can anchor the stock amid recent weakness. Read More.
• Neutral Sentiment: Company announced a quarterly dividend (ex‑dividend April 9), a steady capital‑return sign but modest yield—likely a neutral to mild positive for income‑focused investors. Read More.
• Neutral Sentiment: Analyses and valuation pieces note a multi‑month share selloff and re‑rating debate—keeps the stock in focus but produces mixed signals for timing. Read More.
• Negative Sentiment: Management’s Q3 profit guidance came in below Wall Street estimates after the Feb. 26 earnings release; that guidance miss triggered a post‑earnings pullback and remains a key near‑term risk. Read More.
• Negative Sentiment: Director Richard L. Dalzell sold 333 shares (~$440 avg) recently, reducing his stake modestly; while small in size, insider sales can be read negatively in a down tape. Read More.

Analyst Ratings Changes

INTU has been the subject of several recent research reports. Weiss Ratings lowered Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, February 5th. Stifel Nicolaus dropped their price objective on Intuit from $800.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft cut their target price on Intuit from $850.00 to $600.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. UBS Group reduced their target price on shares of Intuit from $725.00 to $440.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Finally, Independent Research set a $875.00 price target on shares of Intuit in a research report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $634.26.

Insider Activity

In related news, CFO Sandeep Aujla sold 1,335 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were 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 trade represents a 71.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott D. Cook sold 1,402 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total transaction of $936,564.04. Following the completion of the transaction, the director owned 5,668,182 shares of the company’s stock, valued at approximately $3,786,458,939.64. This trade represents a 0.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 120,501 shares of company stock valued at $79,983,892. 2.49% of the stock is currently owned by corporate insiders.

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.