Alta Capital Management Llc/ 13F: Cuts INTU Stake by $2.2M

On October 26, 2026, Alta Capital Management cut its stake in Intuit Inc. by 7,832 shares, leaving it with 45,830 shares valued at about $12.6 million. This information comes from the fund's latest Form 13F filing with the SEC covering the quarter that ended on September 30, 2026.

INTU Intuit Inc.

$343.39 ▼ -44.68% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Alta Capital Management's Intuit Position

Alta Capital Management reduced its position in Intuit by 7,832 shares, a 14.6% decrease. The fund's remaining shares are now worth approximately $12.6 million, reflecting the current market conditions.

Where Intuit Fits in Alta Capital Management's Portfolio

Intuit represents about 1.19% of Alta Capital's total 13F portfolio, ranking 25th among the fund's 215 holdings.

Other Institutional Activity in Intuit

Several other funds have adjusted their positions in Intuit recently. Annex Advisory Services grew its holdings by 59,519 shares, ending with 59,519 shares worth about $16.4 million. Fifth Third Wealth Advisors added 3,424 shares, totaling 13,753 shares valued at approximately $3.8 million. Conversely, Evergreen Capital Management reduced its stake by 21,738 shares, leaving it with 26,648 shares worth about $7.3 million.

Intuit Inc. Stock Down 1.0%

Intuit shares recently traded around $339.96, about equal to the closing price of $339.89 on October 26, 2026. The stock is currently above its 50-day moving average by about 5.9% but below its 200-day moving average by 7.2%. Over the past year, the stock is down about 50.7% from its 52-week high of $689.17.

Recent Earnings

Intuit reported trailing twelve-month revenue of approximately $21.4 billion, with earnings per share (EPS) of $16.46. The company is scheduled to announce its next earnings report on November 19, 2026.

Dividend

Intuit pays an annual dividend of $5.52 per share, yielding about 1.62%. The payout ratio stands at 29.2%.

Insider Buying and Selling at Intuit Inc.

Recently, two insiders sold shares of Intuit. Officer Lauren Dale Hotz sold 906 shares on August 27, 2026, valued at approximately $314,288. Director Richard L. Dalzell sold 285 shares on September 8, 2026, for about $92,728 at an average price of $325.36.

Analysts Set New Price Targets

On September 18, 2026, several firms reiterated their ratings on Intuit. Evercore ISI Group and Mizuho both maintained an "Outperform" rating with price targets of $400. RBC Capital also reiterated its "Outperform" rating, setting a price target of $385.

About Intuit

Intuit Inc. provides financial management, payment solutions, and compliance products, primarily in the U.S. Its services are divided into two segments: Global Business Solutions and Consumer. The recent cuts by Alta Capital Management reflect the shifting dynamics in the tech sector, particularly in software applications.

Bottom Line

Investors should keep an eye on Intuit's next earnings report scheduled for November 19, 2026, to gauge its financial performance. Alta Capital's recent cut in shares may indicate a reevaluation of its position amid current market conditions.