Panagora Asset Management INC Decreased Intuit INC (INTU) Stake by $46.97 Million; Share Price Rose

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. Investec Asset Management North America accumulated 43,527 shares. Global X Com Limited Liability Corp owns 90,492 shares for 0.33% of their portfolio. Sands Capital Mgmt Lc holds 0.03% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 48,530 shares. Verition Fund Mngmt Ltd Liability Corporation accumulated 6,486 shares. Moreover, Ledyard Bancorporation has 0.01% invested in Intuit Inc. (NASDAQ:INTU) for 377 shares. Gam Ag, Switzerland-based fund reported 22,098 shares. Motley Fool Asset Management Ltd Liability Company invested in 0.07% or 2,705 shares. Ubs Asset Mngmt Americas holds 0% or 1.27 million shares. 576 were accumulated by Parkside Bankshares Trust. Nippon Life Glob Americas holds 28,860 shares. Adage Partners Grp Ltd Limited Liability Company reported 383,600 shares. Virginia Retirement System Et Al stated it has 0.31% of its portfolio in Intuit Inc. (NASDAQ:INTU). Kwmg Ltd Llc reported 5 shares. Grantham Mayo Van Otterloo & Communication Lc stated it has 0.08% of its portfolio in Intuit Inc. (NASDAQ:INTU). Bancorporation Of Hawaii invested in 3,860 shares.

Since June 6, 2018, it had 0 insider purchases, and 16 selling transactions for $213.58 million activity. 4,554 shares valued at $979,360 were sold by POWELL DENNIS D on Tuesday, August 28. On Thursday, August 30 FLOURNOY MARK J sold $2.03 million worth of Intuit Inc. (NASDAQ:INTU) or 9,292 shares. SMITH BRAD D also sold $4.61M worth of Intuit Inc. (NASDAQ:INTU) on Wednesday, November 28. COOK SCOTT D sold 100,000 shares worth $22.03 million. Goodarzi Sasan K sold $16.89M worth of stock. $1.01M worth of Intuit Inc. (NASDAQ:INTU) was sold by Johnson Gregory N.

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 $52.55 billion market cap company. The stock decreased 4.30% or $9.09 during the last trading session, reaching $202.46. About 1.76M 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 Guidewire Software Inc (NYSE:GWRE) by 108,386 shares to 272,696 shares, valued at $24.21 million in 2018Q2, according to the filing. It also increased its holding in Baidu Inc (NASDAQ:BIDU) by 18,710 shares in the quarter, for a total of 126,277 shares, and has risen its stake in Tanger Factory Outlet Center (NYSE:SKT).

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: Benzinga.com which released: “BofA, Guggenheim Positive On Intuit (NASDAQ:INTU) Ahead Of Tax Season – Benzinga” on November 20, 2018, also Nasdaq.com with their article: “European shares get uplift from dovish Fed comments – Nasdaq” published on November 29, 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: Fool.com and their article: “Intuit Easily Clears Its Own Revenue Target to Open the New Fiscal Year – Motley Fool” published on November 20, 2018 as well as Nasdaq.com‘s news article titled: “Britain’s FTSE bounces after Wall Street rally; miners, materials lead way – 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. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, August 24. The stock of Intuit Inc. (NASDAQ:INTU) has “Buy” rating given on Tuesday, November 20 by Deutsche Bank. Barclays Capital maintained it with “Equal-Weight” rating and $219 target in Friday, September 7 report. The stock of Intuit Inc. (NASDAQ:INTU) earned “Outperform” rating by Oppenheimer on Friday, August 24. The rating was maintained by Barclays Capital on Wednesday, August 15 with “Equal-Weight”. The firm earned “Outperform” rating on Friday, August 24 by Credit Suisse. The company was maintained on Monday, June 11 by Bank of America. The firm has “Buy” rating by Argus Research given on Wednesday, November 21. Oppenheimer maintained the stock with “Outperform” rating in Friday, September 28 report. As per Monday, August 27, the company rating was maintained by Wells Fargo.

Intuit Inc. (NASDAQ:INTU) Institutional Positions Chart

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