Intuit INC (INTU) Stock Price Rose While Panagora Asset Management INC Has Decreased Its Stake by $46.97 Million

Intuit Inc. (NASDAQ:INTU) LogoInvestors sentiment increased to 1.25 in 2018 Q2. Its up 0.47, from 0.78 in 2018Q1. It improved, as 15 investors sold INTU shares while 243 reduced holdings. 103 funds opened positions while 220 raised stakes. 215.26 million shares or 1.91% less from 219.45 million shares in 2018Q1 were reported. Qs Limited Liability Com accumulated 35,208 shares. Sandy Spring Natl Bank reported 908 shares or 0.02% of all its holdings. 1,400 are owned by Peak Asset Mngmt. Caxton Associate Limited Partnership has 3,337 shares. Bridgeway Capital stated it has 0.13% of its portfolio in Intuit Inc. (NASDAQ:INTU). Zebra Cap Mgmt Limited Liability Corporation holds 0.47% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 5,335 shares. 62,713 were accumulated by Products Prtn Ltd. Amundi Pioneer Asset Mgmt has 0.12% invested in Intuit Inc. (NASDAQ:INTU). Burt Wealth Advsrs owns 98 shares for 0.01% of their portfolio. Delta Asset Mngmt Llc Tn invested in 0% or 9 shares. Umb Commercial Bank N A Mo accumulated 131,691 shares. Pub Sector Pension Invest Board holds 84,521 shares. Hanson Mcclain Incorporated reported 14 shares stake. Cadence Commercial Bank Na reported 2,498 shares. Architects Inc invested in 0.02% or 617 shares.

Since June 6, 2018, it had 0 insider purchases, and 16 selling transactions for $213.58 million activity. The insider COOK SCOTT D sold 100,000 shares worth $21.17M. Johnson Gregory N had sold 5,029 shares worth $1.01 million. POWELL DENNIS D sold $979,360 worth of stock or 4,554 shares. FLOURNOY MARK J had sold 9,292 shares worth $2.03M. 22,418 shares valued at $4.61 million were sold by SMITH BRAD D on Wednesday, November 28. Goodarzi Sasan K had sold 85,835 shares worth $16.89M on Wednesday, November 21.

Panagora Asset Management Inc decreased its stake in Intuit Inc (INTU) by 20.08% based on its latest 2018Q2 regulatory filing with the SEC. Panagora Asset Management Inc sold 230,252 shares as the company’s stock rose 8.61% with the market. The institutional investor held 916,166 shares of the prepackaged software company at the end of 2018Q2, valued at $187.18 million, down from 1.15 million at the end of the previous reported quarter. Panagora Asset Management Inc who had been investing in Intuit Inc for a number of months, seems to be less bullish one the $52.55B market cap company. The stock decreased 4.30% or $9.09 during the last trading session, reaching $202.46. About 1.76 million shares traded. Intuit Inc. (NASDAQ:INTU) has risen 58.51% since December 8, 2017 and is uptrending. It has outperformed by 42.89% the S&P500.

Panagora Asset Management Inc, which manages about $37.15B and $25.22B US Long portfolio, upped its stake in Costco Wholesale Corp (NASDAQ:COST) by 104,340 shares to 301,208 shares, valued at $62.95 million in 2018Q2, according to the filing. It also increased its holding in Saia Inc (NASDAQ:SAIA) by 54,065 shares in the quarter, for a total of 86,863 shares, and has risen its stake in Exelon Corp (NYSE:EXC).

Analysts await Intuit Inc. (NASDAQ:INTU) to report earnings on February, 28. They expect $0.57 EPS, up 612.50 % or $0.49 from last year’s $0.08 per share. INTU’s profit will be $147.93M for 88.80 P/E if the $0.57 EPS becomes a reality. After $-0.03 actual EPS reported by Intuit Inc. for the previous quarter, Wall Street now forecasts -2,000.00 % EPS growth.

More notable recent Intuit Inc. (NASDAQ:INTU) news were published by: Nasdaq.com which released: “Intuit (INTU) to Report Q1 Earnings: What’s in the Cards? – Nasdaq” on November 14, 2018, also Nasdaq.com with their article: “XLK, ORCL, INTU, MU: ETF Inflow Alert – Nasdaq” published on November 12, 2018, Nasdaq.com published: “2 Stocks With Strong Double-Digit Dividend Growth – Nasdaq” on November 20, 2018. More interesting news about Intuit Inc. (NASDAQ:INTU) were released by: Nasdaq.com and their article: “FTSE 100 Rises After Wall Street Rally – Nasdaq” published on November 29, 2018 as well as Nasdaq.com‘s news article titled: “Intu shares nose-dive after Whittaker consortium drops bid – Nasdaq” with publication date: November 29, 2018.

Intuit Inc. (NASDAQ:INTU) Ratings Coverage

Among 11 analysts covering Intuit (NASDAQ:INTU), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Intuit had 17 analyst reports since June 11, 2018 according to SRatingsIntel. Stifel Nicolaus upgraded the shares of INTU in report on Tuesday, June 19 to “Buy” rating. The stock of Intuit Inc. (NASDAQ:INTU) has “Equal-Weight” rating given on Wednesday, August 15 by Barclays Capital. Oppenheimer maintained the stock with “Outperform” rating in Friday, September 28 report. Credit Suisse maintained the shares of INTU in report on Friday, August 24 with “Outperform” rating. The firm has “Buy” rating given on Friday, August 24 by Stifel Nicolaus. Wells Fargo maintained the stock with “Outperform” rating in Monday, August 27 report. Credit Suisse maintained the shares of INTU in report on Friday, September 28 with “Outperform” rating. Citigroup maintained the shares of INTU in report on Friday, August 24 with “Neutral” rating. The firm has “Outperform” rating by Oppenheimer given on Friday, August 24. The firm has “Buy” rating given on Monday, June 11 by Bank of America.

Intuit Inc. (NASDAQ:INTU) Institutional Positions Chart

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