SteelPeak Wealth LLC Sells 15,220 Shares of Intuit Inc. $INTU

04 Apr 2026, 06:44 by Renee Jackson · The Cerbat Gem

SteelPeak Wealth LLC lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 37.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,987 shares of the software maker’s stock after selling 15,220 shares during the quarter. SteelPeak Wealth LLC’s holdings in Intuit were worth $16,552,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. NEOS Investment Management LLC increased its stake in Intuit by 63.8% during the 3rd quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock worth $82,984,000 after purchasing an additional 47,330 shares in the last quarter. Varma Mutual Pension Insurance Co lifted 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 valued at $30,771,000 after buying an additional 3,600 shares in the last quarter. Nicholson Wealth Management Group LLC bought a new position in Intuit in the third quarter valued at approximately $1,465,000. Crossmark Global Holdings Inc. boosted its holdings in shares of Intuit by 15.8% in the third quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock valued at $32,526,000 after buying an additional 6,503 shares during the period. Finally, Magellan Asset Management Ltd increased its position in shares of Intuit by 8.4% during the third quarter. Magellan Asset Management Ltd now owns 285,052 shares of the software maker’s stock worth $194,665,000 after acquiring an additional 22,051 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

Positive Sentiment: Intuit topped estimates and provided upbeat multi-quarter guidance earlier this year, supporting fundamentals (revenue growth, margins and EPS guidance) that underpin long-term valuation.
Positive Sentiment: Product traction — Intuit’s AI agents are seeing high repeat usage (85%), suggesting customer retention and monetization of AI features rather than simple displacement risk. Intuit’s AI agents hit 85% repeat usage
Positive Sentiment: Risk management move — Intuit is piloting Qodo’s AI code-review/governance tools to protect software quality, security and compliance as it scales AI in development, which should reassure enterprise customers and investors focused on operational risk. Intuit Uses Qodo AI Governance To Address Software Quality And Investor Risk
Positive Sentiment: Consumer engagement — seasonal and how-to coverage for TurboTax and QuickBooks highlights continued mainstream adoption and marketing tailwinds for Intuit’s core products. Make Money Moves This Tax Season With TurboTax
Neutral Sentiment: Industry trend — articles about the rise of the “AI-powered CFO” point to structural demand for AI-enabled financial tools, a long-term tailwind for Intuit but not an immediate revenue guarantee. The Rise Of The AI-Powered CFO
Neutral Sentiment: Analyst view vs. market fear — some Wall Street notes see ~37% upside in INTU, but they also flag investor anxiety that AI could compress software multiples; that dynamic is keeping volatility elevated. Intuit Stock (INTU): Wall Street Sees 37% Upside, But Are AI Fears Over?
Negative Sentiment: Broader AI-for-software concern — analysts and commentators warn that AI could depress valuations and slow deal activity in the software sector, a macro headwind that has contributed to INTU’s YTD decline and could keep near-term sentiment weak. ’You can’t vibe code’ an AI replacement for mission-critical software: analyst

Insider Activity at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,335 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the sale, the chief financial officer owned 536 shares in the company, valued at $337,390.56. This represents a 71.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the sale, the director directly owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 43,001 shares of company stock worth $27,798,928. Insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on INTU shares. The Goldman Sachs Group dropped their price objective on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. Guggenheim set a $633.00 target price on shares of Intuit in a research note on Monday, March 16th. Barclays reissued an “overweight” rating and issued a $540.00 price target on shares of Intuit in a research note on Monday, March 16th. JPMorgan Chase & Co. cut their price target on Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Finally, Jefferies Financial Group set a $650.00 price objective on Intuit in a research report on Sunday, February 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $638.06.

View Our Latest Analysis on INTU

Intuit Stock Performance

NASDAQ INTU opened at $422.48 on Friday. Intuit Inc. has a 12 month low of $349.00 and a 12 month high of $813.70. 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 stock has a 50 day moving average of $436.66 and a 200-day moving average of $577.16. The company has a market cap of $116.84 billion, a PE ratio of 27.36, a PEG ratio of 1.70 and a beta of 1.21.

Intuit (NASDAQ:INTU – Get Free Report) last issued its earnings results 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. The business had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous 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, equities research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

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

Intuit Profile

(Free Report)

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.