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Pictet Asset Management Holding SA Buys 35,008 Shares of Intuit Inc. $INTU
Pictet Asset Management Holding SA increased its stake in Intuit Inc. by 3.5% in the fourth quarter, purchasing an additional 35,008 shares and holding over 1 million shares valued at $679 million. Other institutional investors also adjusted their positions in Intuit which now makes up 0.7% of Pictet Asset Management’s holdings. Analysts have a “Moderate Buy” rating for Intuit with an average price target of $636.10, although some have reduced their price objectives citing AI-driven disruption risks.