Pictet Asset Management Holding SA Buys 35,008 Shares of Intuit Inc. $INTU

Key Points

• Pictet Asset Management increased its stake in Intuit by 3.5%, buying 35,008 shares to hold 1,025,056 shares worth about $679 million, representing roughly 0.37% of Intuit and ~0.7% of Pictet’s portfolio (Intuit is its 26th-largest position).
• Analysts have trimmed price targets recently (multiple cuts), but consensus remains a Moderate Buy with an average target near $636 and the majority of ratings being Buy (23 Buy, 6 Hold, 1 Strong Buy).
• Fundamental catalysts include a recent EPS beat and raised guidance plus AI partnerships (e.g., Anthropic integration), while elevated short interest (~9.42M shares) and insider/institutional selling pose near-term downside and volatility risks.

Pictet Asset Management Holding SA lifted its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,025,056 shares of the software maker's stock after purchasing an additional 35,008 shares during the quarter. Intuit accounts for about 0.7% of Pictet Asset Management Holding SA's holdings, making the stock its 26th largest position. Pictet Asset Management Holding SA owned about 0.37% of Intuit worth $679,041,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in INTU. MTM Investment Management LLC boosted its stake in Intuit by 135.0% in the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker's stock worth $32,000 after purchasing an additional 27 shares during the period. Pin Oak Investment Advisors Inc. bought a new stake in shares of Intuit during the third quarter valued at about $33,000. Richardson Financial Services Inc. increased its position in shares of Intuit by 70.0% during the third quarter. Richardson Financial Services Inc. now owns 51 shares of the software maker's stock valued at $35,000 after buying an additional 21 shares during the period. TruNorth Capital Management LLC purchased a new stake in shares of Intuit in the third quarter worth about $36,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Intuit by 54.3% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker's stock worth $36,000 after buying an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on INTU shares. Susquehanna reduced their price objective on shares of Intuit from $819.00 to $720.00 and set a "positive" rating for the company in a research note on Tuesday, February 24th. KeyCorp lowered their target price on shares of Intuit from $750.00 to $520.00 and set an "overweight" rating on the stock in a research note on Friday, February 27th. Argus cut their price target on shares of Intuit from $780.00 to $580.00 and set a "buy" rating for the company in a report on Wednesday, March 4th. BNP Paribas Exane upgraded shares of Intuit from an "underperform" rating to a "neutral" rating and set a $463.00 price target for the company in a research report on Monday, March 16th. Finally, Daiwa Securities Group decreased their price target on shares of Intuit from $800.00 to $640.00 and set a "buy" rating on the stock in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $636.10.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the transaction, the director directly owned 13,253 shares of the company's stock, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.49% of the stock is currently owned by insiders.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Anthropic added connectors that integrate Claude with consumer apps including TurboTax and Credit Karma, increasing Intuit’s exposure to new conversational-AI distribution channels and potential user engagement. Anthropic Turns Claude Into a Front Door for Daily Apps
• Positive Sentiment: Media pieces highlighting Intuit as an AI play (combining AI with human intelligence) are keeping investor interest elevated, reinforcing the narrative that Intuit can monetize AI across QuickBooks, TurboTax and Credit Karma. Intuit Inc. (INTU): Combining AI With Human Intelligence
• Positive Sentiment: Broker/analyst coverage remains constructive (multiple buy/outperform ratings and a median price target near $600), which supports upside expectations versus current levels. Intuit shares slide as investors weigh AI-driven disruption risks and tax-season exposure
• Positive Sentiment: Recommendations to buy gig-economy beneficiaries include INTU, highlighting secular demand drivers from small businesses and freelancers that use QuickBooks. Must-Buy Stocks to Take Advantage of the Gig Economy's Popularity
• Neutral Sentiment: Analysts expect a modest EPS uplift in the upcoming Q3 FY2026 report; upcoming earnings are a near-term catalyst that could swing sentiment. What to Expect From Intuit’s Q3 2026 Earnings Report
• Neutral Sentiment: General investor interest articles and listicles are increasing visibility but don’t change fundamentals by themselves. 15 AI Stocks That Could Break the Trillion Dollar Barrier
• Negative Sentiment: Short interest jumped in April to roughly 9.42M shares (about 3.5% of shares), raising downside pressure and signaling some hedge/prop bets against the name; a higher short base can amplify volatility.
• Negative Sentiment: Recent headlines and analysis tying Intuit to AI-disruption risk and tax-season concentration pressured the stock in recent sessions; several articles covered a multi-percent pullback and valuation re-ratings. Intuit shares fall 6.21% despite steady growth outlook
• Negative Sentiment: Large reported insider and institutional selling activity (notable position reductions at some asset managers and multiple insider sales) is a watch item for sentiment and near-term selling pressure. Intuit shares slide as investors weigh AI-driven disruption risks and tax-season exposure

Intuit Price Performance

Shares of NASDAQ INTU opened at $395.95 on Monday. The stock has a market capitalization of $109.50 billion, a P/E ratio of 25.64, a PEG ratio of 1.59 and a beta of 1.21. Intuit Inc. has a one year low of $342.11 and a one year high of $813.70. The firm's 50 day simple moving average is $414.36 and its two-hundred day simple moving average is $544.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, topping analysts' consensus estimates of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The firm had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the business posted $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. As a group, analysts expect that Intuit Inc. will post 17.44 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 9th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, April 9th. Intuit's dividend payout ratio is presently 31.09%.

Intuit 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.

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