INTU
A fresh check-in for Intuit
LBP AM SA decided Intuit deserved a much bigger seat at the table, increasing its stake by 252.8% and ending up with 58,723 shares worth about $38.9 million. That’s not exactly pocket change — it’s the kind of move that says, “Yes, we’ve done the homework, and we’ll take more.”
Why you should care
For investors, a purchase like this isn’t a guaranteed green light, but it is a meaningful signal. Big institutional buyers often show up when they think the market is too gloomy, too distracted, or both. And Intuit has given them enough to chew on: a recent earnings beat, revenue up 17.4% year over year, and fresh guidance for Q3 and fiscal 2026.
The weirdly mixed signal soup
Of course, this isn’t a clean victory lap. Analysts have been trimming price targets, and the company is still dealing with reputational and regulatory chatter around its tax-filing lobbying history. So you’ve got the classic Wall Street cocktail: strong business fundamentals, some headline drag, and a stock that keeps getting second opinions.
Big picture
Intuit is still very much a premium software story, and this move suggests at least one large investor thinks the long-term math still works. In other words: the stock may be taking some hits from the analysts’ bullpen, but the bigger money isn’t running for the exits.