As Intuit (INTU) Shares Declined, Ajo LP Increased by $38.54 Million Its Stake

Intuit Inc. (NASDAQ:INTU) Corporate LogoBig Money Sentiment decreased to 1.12 in Q3 2018. It has change of 0.13, from 2018Q2’s 1.25. The ratio turned negative due to INTU positioning: 24 sold and 257 reduced. 97 funds amassed positions and 219 increased positions. Investors holded 215.26 million in 2018Q2 but now own 215.92 million shares or 0.30% more. Invesco has 0.22% invested in Intuit Inc. (NASDAQ:INTU) for 3.10 million shs. Palo Cap holds 11,560 shs. Capital Inv Advsrs Ltd Liability Co, a Georgia-based fund reported 990 shs. Cwm Lc holds 0% of its capital in Intuit Inc. (NASDAQ:INTU) for 280 shs. Parthenon Ltd Co, a Kentucky-based fund reported 1,700 shs. California State Teachers Retirement Systems has invested 0.19% in Intuit Inc. (NASDAQ:INTU). The Illinois-based Calamos Advsrs Limited Liability Corp has invested 0.04% in Intuit Inc. (NASDAQ:INTU). Wealth Enhancement Advisory, a Minnesota-based fund reported 7,055 shs. Argent holds 0.03% or 1,086 shs. Ameriprise Fin has invested 0.04% in Intuit Inc. (NASDAQ:INTU). Rhumbline Advisers has invested 0.19% in Intuit Inc. (NASDAQ:INTU). Clifford Swan Inv Counsel Ltd Liability owns 59,652 shs or 0.71% of their US capital. Susquehanna Intl Gp Llp has 97,246 shs for 0.01% of their capital. Moreover, Timessquare Cap Mgmt Limited Liability Company has 0.03% invested in Intuit Inc. (NASDAQ:INTU). Segall Bryant And Hamill Ltd Limited Liability Company reported 1,063 shs.

INTU had 15 insider sales and 0 insider purchases since August 27, 2018. This’s net activity of $192.53 million. $21.17M worth of Intuit Inc. (NASDAQ:INTU) shs were sold by COOK SCOTT D. On Friday, September 21 3,651 shs were sold by STANSBURY HENRY TAYLOE, worth $808,851. $16.89 million worth of Intuit Inc. (NASDAQ:INTU) was sold by Goodarzi Sasan K on Wednesday, November 21. On Monday, November 26 the insider Johnson Gregory N sold $1.01M. 4,554 shs valued at $979,360 were sold by POWELL DENNIS D on Tuesday, August 28. On Friday, September 14 $57.90M worth of Intuit Inc. (NASDAQ:INTU) was sold by SMITH BRAD D.

The holdings In Intuit (INTU) was increased owned by Ajo Lp. According to 2018Q3 Securities and Exchange form the decrease is 17.29%. The company’s stock declined 7.98% with the market as Ajo Lp bought 169,783 shares. At the end of 2018Q3, the 1.15 million shares of the prepackaged software company held by the institutional investor were valued at $261.88M, up from 981,828 at the end of the previous reported quarter. $59.33B is Intuit’s market cap. Ticker’s shares touched $228.59 during the last trading session after 0.16% change.Intuit Inc. has volume of 1.13M shares. Since February 14, 2018 INTU has risen 32.93% and is uptrending. INTU outperformed the S&P500 by 32.93%.

About $24.49 billion and $21.16 billion US Long portfolio Ajo Lp operates. It reduced its stake in Las Vegas Sands Corp (NYSE:LVS) by 400,743 shares to 4,996 shares, valued at $296,000 in 2018Q3, according to the filing. For a total of 264,100 shares it reduced its holding in Ligand Pharm (NASDAQ:LGND) by 38,230 shares in the quarter, and has cut its stake in Huntington Ingalls Inds (NYSE:HII).

For more Intuit Inc. (NASDAQ:INTU) news released recently go to: Investorplace.com, 247Wallst.com, Businesswire.com, Nasdaq.com or Seekingalpha.com. The titles are as follows: “5 Fintech Stocks to Buy As This Mega Trend Gains Steam – Investorplace.com” released on February 04, 2019, “Top Analyst Upgrades and Downgrades: Altria, EA, Embraer, Gap, Kinder Morgan, Netflix, Nike, Take-Two, Under Armour and Many More – 24/7 Wall St.” on January 22, 2019, “Intuit Donates $2 Million to Local Food Banks to Assist U.S. Federal Workers – Business Wire” with a publish date: January 23, 2019, “Bull of the Day: Salesforce (CRM) – Nasdaq” and the last “Preparing For The End Of The Cycle (Part X): Intuit – Seeking Alpha” with publication date: January 15, 2019.

Intuit Inc. (NASDAQ:INTU) Ratings Coverage

Total analysts of 13 have positions in Intuit (NASDAQ:INTU) as follows: 8 rated it a “Buy”, 1 with “Sell” and 4 with “Hold”. The positive are 62%. Since August 15, 2018 according to StockzIntelligence Inc Intuit has 18 analyst reports. On Wednesday, November 21 Argus Research maintained the shares of INTU in report with “Buy” rating. On Friday, September 28 the firm earned “Outperform” rating by Oppenheimer. On Friday, August 24 Stifel Nicolaus maintained the shares of INTU in report with “Buy” rating. In Tuesday, November 20 report Deutsche Bank maintained it with “Buy” rating and $250 target. The company rating was maintained by Wells Fargo on Monday, August 27. The stock rating was upgraded by Morgan Stanley to “Equal-Weight” on Monday, February 4. On Friday, September 28 the company was maintained by Credit Suisse. In Friday, August 24 report Credit Suisse maintained it with “Outperform” rating and $230 target. On Friday, August 24 Oppenheimer maintained Intuit Inc. (NASDAQ:INTU) rating. Oppenheimer has “Outperform” rating and $224 target. On Monday, November 26 the company was upgraded by RBC Capital Markets.

Intuit Inc. (NASDAQ:INTU) Institutional Investors Chart

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