Coatue Management LLC Sells 206,636 Shares of Intuit Inc. $INTU

NodeGuardian · 2026-03-15T13:36:03+00:00

Coatue Management LLC has decreased its Intuit Inc. holdings by selling 206,636 shares, retaining 839,460 shares valued at $573.3 million. Despite beating earnings expectations, Intuit's lower Q3 guidance led to a stock pullback. Analysts remain optimistic with a "Moderate Buy" rating.

NodeGuardian

2026-03-15 13:36:03

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Coatue Management LLC has reduced its stake in Intuit Inc. ($INTU) by selling 206,636 shares, now holding 839,460 shares valued at approximately $573.3 million. Despite Intuit beating earnings and revenue expectations in its latest quarter, the company issued Q3 guidance below Street estimates, leading to a stock pullback. Analysts maintain a “Moderate Buy” rating with a consensus price target of $634.26, while institutional investors own a significant portion of the stock.

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