Crestwood Advisors Group LLC Purchases 380 Shares of Intuit Inc. (NASDAQ:INTU)

Crestwood Advisors Group LLC grew its position in shares of Intuit Inc. (NASDAQ:INTU) by 22.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,043 shares of the software maker’s stock after purchasing an additional 380 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Intuit were worth $1,284,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. R Squared Ltd purchased a new stake in Intuit in the fourth quarter worth approximately $25,000. Heck Capital Advisors LLC bought a new stake in shares of Intuit in the 4th quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Intuit in the 4th quarter worth approximately $28,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Intuit in the 4th quarter valued at $29,000. Finally, Denver PWM LLC bought a new position in shares of Intuit during the 3rd quarter valued at $32,000. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on INTU shares. Barclays lowered their price target on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. StockNews.com raised Intuit from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley raised their price target on Intuit from $685.00 to $730.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Oppenheimer boosted their price objective on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Finally, Scotiabank started coverage on Intuit in a research note on Monday, November 18th. They set a “sector perform” rating and a $700.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and an average target price of $726.71.

Intuit Trading Up 0.3 %

NASDAQ:INTU opened at $567.24 on Tuesday. The company has a 50-day moving average price of $610.15 and a 200-day moving average price of $628.07. The stock has a market cap of $158.78 billion, a price-to-earnings ratio of 55.07, a P/E/G ratio of 2.85 and a beta of 1.24. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a 12 month low of $557.29 and a 12 month high of $714.78.

Insider Buying and Selling

In other news, CFO Sandeep Aujla sold 1,300 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $626.42, for a total value of $814,346.00. Following the sale, the chief financial officer now directly owns 644 shares of the company’s stock, valued at $403,414.48. This represents a 66.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lauren D. Hotz sold 1,078 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $619.28, for a total transaction of $667,583.84. Following the completion of the transaction, the chief accounting officer now owns 1,864 shares of the company’s stock, 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 valued at $140,855,687 over the last three months. Corporate insiders own 2.68% of the company’s stock.

Intuit Company Profile

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.