Panagora Asset Management INC Stake in Intuit INC (INTU) Has Decreased by $46.97 Million as Market Value Rose

Intuit Inc. (NASDAQ:INTU) LogoInvestors sentiment increased to 1.25 in Q2 2018. 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. Northcoast Asset Mngmt Ltd Liability Com reported 113,161 shares or 2.2% of all its holdings. Daiwa Sb Invests Ltd owns 3,420 shares or 0.17% of their US portfolio. Point72 Asset Management Limited Partnership holds 16,000 shares. Lpl Limited Liability Co reported 19,766 shares. Scotia Capital has 0% invested in Intuit Inc. (NASDAQ:INTU) for 1,375 shares. Comerica National Bank & Trust owns 0.13% invested in Intuit Inc. (NASDAQ:INTU) for 85,575 shares. Fin Architects accumulated 0.02% or 617 shares. Omers Administration holds 34,779 shares or 0.07% of its portfolio. Vnbtrust Association has invested 0.19% in Intuit Inc. (NASDAQ:INTU). Amica Pension Fund Board Of Trustees holds 0.2% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 7,252 shares. Aperio Gp Ltd Liability stated it has 0.21% in Intuit Inc. (NASDAQ:INTU). Autus Asset Mngmt Ltd Liability holds 1.93% or 53,886 shares in its portfolio. Smith Asset Mgmt LP has 236,236 shares for 1.4% of their portfolio. 83,136 are owned by Citigroup. Moreover, Duncker Streett And Co Incorporated has 0.23% invested in Intuit Inc. (NASDAQ:INTU) for 4,492 shares.

Since June 6, 2018, it had 0 insider purchases, and 16 selling transactions for $213.58 million activity. FLOURNOY MARK J had sold 9,292 shares worth $2.03 million on Thursday, August 30. 3,941 shares were sold by STANSBURY HENRY TAYLOE, worth $796,915 on Monday, June 25. COOK SCOTT D also sold $30.01 million worth of Intuit Inc. (NASDAQ:INTU) on Wednesday, November 21. Goodarzi Sasan K also sold $16.89M worth of Intuit Inc. (NASDAQ:INTU) on Wednesday, November 21. SMITH BRAD D had sold 254,325 shares worth $57.90M. 4,554 shares valued at $979,360 were sold by POWELL DENNIS D on Tuesday, August 28.

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 $187.18M, down from 1.15M 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 1.76 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 Ulta Beauty Inc (NASDAQ:ULTA) by 74,167 shares to 75,712 shares, valued at $17.68 million in 2018Q2, according to the filing. It also increased its holding in Kinder Morgan Inc (NYSE:KMI) by 1.91 million shares in the quarter, for a total of 3.48M shares, and has risen its stake in Firstcash Inc.

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 $147.93 million 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: “2 Stocks With Strong Double-Digit Dividend Growth – Nasdaq” published on November 20, 2018, Nasdaq.com published: “Intu shares nose-dive after Whittaker consortium drops bid – Nasdaq” on November 29, 2018. More interesting news about Intuit Inc. (NASDAQ:INTU) were released by: Nasdaq.com and their article: “UK Stocks-Factors to watch on Nov 22 – Nasdaq” published on November 22, 2018 as well as Fool.com‘s news article titled: “Intuit Easily Clears Its Own Revenue Target to Open the New Fiscal Year – Motley Fool” with publication date: November 20, 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 stock of Intuit Inc. (NASDAQ:INTU) earned “Buy” rating by Stifel Nicolaus on Friday, August 24. Credit Suisse maintained the stock with “Outperform” rating in Friday, August 24 report. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, September 7. The rating was upgraded by RBC Capital Markets to “Outperform” on Monday, November 26. The stock of Intuit Inc. (NASDAQ:INTU) earned “Buy” rating by Stifel Nicolaus on Tuesday, June 19. As per Friday, September 28, the company rating was maintained by Oppenheimer. The firm has “Outperform” rating given on Friday, August 24 by Oppenheimer. As per Wednesday, August 15, the company rating was maintained by Barclays Capital. Bank of America maintained Intuit Inc. (NASDAQ:INTU) rating on Monday, June 11. Bank of America has “Buy” rating and $227 target. The firm has “Neutral” rating given on Friday, August 24 by Citigroup.

Intuit Inc. (NASDAQ:INTU) Institutional Positions Chart

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