Intuit Inc. (NASDAQ:INTU) Shares Sold by DSM Capital Partners LLC

DSM Capital Partners LLC trimmed its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 343,174 shares of the software maker's stock after selling 62,241 shares during the period. Intuit accounts for 3.3% of DSM Capital Partners LLC's portfolio, making the stock its 9th largest position. DSM Capital Partners LLC owned 0.12% of Intuit worth $215,685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in INTU. Nordea Investment Management AB grew its stake in Intuit by 83.2% during the 4th quarter. Nordea Investment Management AB now owns 590,085 shares of the software maker's stock worth $371,984,000 after buying an additional 268,060 shares during the last quarter. Whalen Wealth Management Inc. purchased a new position in Intuit during the 4th quarter worth $621,000. Harvest Portfolios Group Inc. grew its stake in Intuit by 5.4% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 35,902 shares of the software maker's stock worth $22,295,000 after buying an additional 1,853 shares during the last quarter. Retireful LLC purchased a new stake in Intuit during the 3rd quarter valued at about $740,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Intuit during the 3rd quarter valued at about $56,144,000. 83.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

INTU has been the topic of several research analyst reports. Morgan Stanley boosted their price target on Intuit from $685.00 to $730.00 and gave the company an "equal weight" rating in a research note on Friday, November 22nd. StockNews.com upgraded Intuit from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Royal Bank of Canada restated an "outperform" rating and issued a $760.00 target price on shares of Intuit in a research note on Friday, November 22nd. BNP Paribas downgraded Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 target price on the stock. in a research note on Wednesday, January 15th. Finally, Redburn Atlantic initiated coverage on Intuit in a research note on Wednesday. They issued a "neutral" rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $726.53.

Intuit Price Performance

Shares of Intuit stock traded down $13.61 during mid-day trading on Friday, reaching $565.47. 2,006,382 shares of the stock traded hands, compared to its average volume of 1,767,831. The business has a 50-day moving average of $612.23 and a 200 day moving average of $628.24. Intuit Inc. has a fifty-two week low of $557.29 and a fifty-two week high of $714.78. The stock has a market capitalization of $158.29 billion, a PE ratio of 54.90, a PEG ratio of 2.87 and a beta of 1.24. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.14. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The business's revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 earnings per share. On average, analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Insider Activity

In other news, insider Scott D. Cook sold 75,000 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the completion of the transaction, the insider now directly owns 6,378,105 shares in the company, valued at $4,093,595,351.10. This trade represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sasan K. Goodarzi sold 26,562 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $625.89, for a total value of $16,624,890.18. Following the completion of the sale, the chief executive officer now owns 37,869 shares in the company, valued at approximately $23,701,828.41. The trade was a 41.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 293,014 shares of company stock worth $188,992,187 over the last ninety days. Corporate insiders own 2.68% of the company's stock.

Intuit Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.