Manhattan West Asset Management LLC Makes New $2.60 Million Investment in Intuit Inc. $INTU

Posted by Francis Steltz on Aug 22nd, 2026

Manhattan West Asset Management LLC purchased a new stake in Intuit Inc. (NASDAQ:INTU – Free Report) in the second quarter, Holdings Channel reports. The institutional investor purchased 9,970 shares of the software maker’s stock, valued at approximately $2,602,000.

Several other large investors also recently made changes to their positions in INTU. Betterment LLC raised its holdings in shares of Intuit by 2.1% in the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after purchasing an additional 16 shares in the last quarter. One Capital Management LLC lifted its stake in Intuit by 2.7% during the third quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock valued at $465,000 after purchasing an additional 18 shares during the last quarter. Quadcap Wealth Management LLC boosted its holdings in Intuit by 1.0% during the third quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock worth $1,230,000 after buying an additional 18 shares in the last quarter. United Asset Strategies Inc. grew its position in Intuit by 1.0% in the fourth quarter. United Asset Strategies Inc. now owns 2,036 shares of the software maker’s stock worth $1,349,000 after buying an additional 20 shares during the last quarter. Finally, Sage Private Wealth Group LLC increased its holdings in shares of Intuit by 2.8% in the fourth quarter. Sage Private Wealth Group LLC now owns 802 shares of the software maker’s stock valued at $531,000 after buying an additional 22 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Insider Transactions at Intuit

In related news, Director Vasant M. Prabhu purchased 500 shares of Intuit stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of $309.71 per share, with a total value of $154,855.00. Following the completion of the transaction, the director directly owned 1,750 shares of the company’s stock, valued at $541,992.50. This trade represents a 40.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 284 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,239 shares of company stock valued at $348,354 over the last 90 days. Corporate insiders own 2.49% of the company’s stock.

Key Intuit News

Here are the key news stories impacting Intuit this week:

Positive Sentiment: Intuit’s TurboTax, Credit Karma and QuickBooks businesses remain central to the bullish case. Analysts say the company is building a year-round consumer financial platform and using cross-selling to increase engagement and average revenue per user. Intuit Consumer Flywheel Gains: Can Cross-Selling Sustain Higher ARPU?
Positive Sentiment: Some analysts see potential for an upside earnings surprise, citing valuation compression, raised guidance and continued momentum in Intuit’s key growth engines. Bank of America maintained a Buy rating and a $400 price target, supporting investor confidence before the report. Intuit: Resilient Growth Drivers and Attractive Valuation Support Buy Rating
Neutral Sentiment: Options-oriented coverage highlights the possibility of generating income by selling calls against existing INTU shares. The strategy may provide an attractive yield but limits upside if the stock rises above the option’s strike price. Get Paid 16% A Year To Hold INTU Stock You Already Own
Neutral Sentiment: Wall Street’s outlook is mixed ahead of earnings. Piper Sandler reaffirmed an Underweight rating, while another valuation update reduced its fair-value estimate from $488.17 to $449.20, reflecting concerns about growth expectations, valuation and potential artificial-intelligence risks. Piper Sandler Reaffirms Underweight Rating for Intuit
Negative Sentiment: Several law firms are publicizing a securities-fraud class action against Intuit and certain officers. The lawsuit alleges that the company made material misstatements or omissions about the strength of its tax-related business and TurboTax growth disclosures. Investors face a September 8 deadline to seek lead-plaintiff status. The legal claims are allegations and could create reputational, financial and investor-confidence risks. Intuit Securities Fraud Class Action Deadline Alert

Intuit Price Performance

INTU opened at $367.00 on Friday. The firm has a market capitalization of $100.39 billion, a P/E ratio of 22.23, a PEG ratio of 1.14 and a beta of 0.97. The stock has a fifty day moving average of $299.09 and a 200-day moving average of $359.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $705.08.

Intuit (NASDAQ:INTU – Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.Intuit’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $11.65 earnings per share. Equities analysts forecast that Intuit Inc. will post 18.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on INTU. Mizuho cut their price objective on Intuit from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 17th. Wells Fargo & Company cut their target price on Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Piper Sandler reaffirmed an “underweight” rating and set a $250.00 target price on shares of Intuit in a research report on Wednesday. Susquehanna decreased their price target on Intuit from $550.00 to $427.00 and set a “positive” rating for the company in a research report on Monday, July 20th. Finally, Freedom Capital cut Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Twenty analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $451.26.

Read Our Latest Stock Analysis on INTU

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.