Intuit Inc. (NASDAQ:INTU) Shares Sold by Denali Advisors LLC

Denali Advisors LLC reduced its stake in shares of Intuit Inc. (NASDAQ:INTU) by 0.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,473 shares of the software maker’s stock after selling 19 shares during the quarter. Denali Advisors LLC’s holdings in Intuit were worth $5,325,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of INTU. R Squared Ltd purchased a new stake in shares of Intuit in the fourth quarter worth about $25,000. Heck Capital Advisors LLC purchased a new stake in Intuit in the 4th quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Intuit during the 4th quarter worth approximately $28,000. Sugar Maple Asset Management LLC purchased a new position in Intuit in the fourth quarter valued at $29,000. Finally, Denver PWM LLC purchased a new position in shares of Intuit in the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Transactions at Intuit

In other Intuit news, EVP Mark P. Notarainni sold 3,649 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $646.68, for a total transaction of $2,359,735.32. Following the sale, the executive vice president now directly owns 19 shares in the company, valued at $12,286.92. This represents a 99.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Lauren D. Hotz sold 1,078 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $619.28, for a total value of $667,583.84. Following the completion of the sale, the chief accounting officer now owns 1,864 shares in the company, valued at approximately $1,154,337.92. The trade was a 36.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 218,014 shares of company stock worth $140,855,687 over the last ninety days. Company insiders own 2.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on INTU shares. Barclays reduced their price objective on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Scotiabank assumed coverage on shares of Intuit in a research report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price target for the company. Stifel Nicolaus lowered their price objective on Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Redburn Atlantic started coverage on Intuit in a research report on Wednesday, February 19th. They issued a “neutral” rating on the stock. Finally, Morgan Stanley increased their price objective on Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $726.71.

Intuit Stock Performance

Shares of INTU stock opened at $555.63 on Wednesday. Intuit Inc. has a one year low of $553.24 and a one year high of $714.78. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The firm’s 50 day moving average price is $607.70 and its 200-day moving average price is $627.55. The firm has a market cap of $155.53 billion, a P/E ratio of 53.94, a P/E/G ratio of 2.85 and a beta of 1.24.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.