Trinity Street Asset Management 13F: Exits Intuit (INTU) Stake

Trinity Street Asset Management sold out its entire position in Intuit Inc. (INTU) as disclosed in a filing on October 16, 2026.

What Changed in Trinity Street Asset Management's Intuit Position

Trinity Street Asset Management fully divested its stake in Intuit, cutting 44,025 shares, representing a 100% decrease. The sale leaves the fund with no shares in the company after holding a significant position.

Other Institutional Activity in Intuit

Several other institutional investors made moves regarding Intuit shares in the same quarter. Blackrock Inc. grew its holdings by 776,998 shares, bringing its total to 26,252,335 shares worth about $8.5 billion. State Street Corporation added 327,927 shares, totaling 13,289,484 shares valued at approximately $4.3 billion. Meanwhile, Invesco Ltd. reduced its stake by 812,663 shares, ending up with 9,526,564 shares worth about $3.1 billion. Vanguard Capital Management LLC slightly decreased its position by 121,133 shares, holding a total of 17,958,464 shares valued at around $5.8 billion.

Intuit Inc. Stock Up 4.8%

Intuit shares recently traded at $322.75, which is above its 52-week low of $252.84 but significantly below its high of $689.17. The stock is currently above its 50-day moving average of $320.94 but below its 200-day average of $377.12. Intuit's current valuation is about 20% lower than the mean price target of $406.92 set by analysts.

Recent Earnings

Intuit reported trailing twelve-month revenue of approximately $21.4 billion with a net profit margin of 21.3%. The company achieved an annual revenue growth of 13.7%. The next earnings report is scheduled for November 19, 2026.

Insider Buying and Selling at Intuit Inc.

Several insiders also sold shares earlier this year. Richard Dalzell, a director at Intuit, sold 285 shares on September 8, 2026, at an average price of $325.36, totaling about $92,728. Additionally, Lauren Dale Hotz, an officer, sold 906 shares on August 27, 2026. Earlier, Dalzell sold 284 shares on June 16, 2026, at an average price of $282.20 for about $80,144.

Analysts Set New Price Targets

On September 18, 2026, Evercore ISI Group and Mizuho both reiterated their "Outperform" ratings for Intuit, maintaining price targets of $400. The consensus rating among analysts is a "buy" with a mean target price of $406.92 based on 31 opinions. The most recent rating from RBC Capital on October 2, 2026, also reiterated an "Outperform" rating with a target price of $385.

About Intuit

Intuit Inc. provides technology solutions for financial management, payments, and marketing, primarily focusing on small businesses and consumers. The company's services span across various applications, catering to diverse financial needs. This filing reflects holdings as of the reporting period and may not represent the current position of Trinity Street Asset Management.

Bottom Line

Trinity Street Asset Management's complete exit from Intuit raises questions about future institutional sentiment around the stock. Investors should monitor upcoming earnings on November 19, 2026, for further insights into the company's performance and any potential shifts in investor interest.