Banco Santander S.A. significantly increased its stake in Intuit Inc. (NASDAQ:INTU) by 164.1% in the third quarter, holding shares valued at over $20 million. This increase is part of a broader trend of institutional buying in Intuit, with numerous other firms also adjusting their holdings. Despite a mixed outlook including strong Q2 earnings, raised FY2026 EPS guidance, and a new AI partnership with Anthropic, concerns about a softer Q3 outlook and increased marketing spend have led to analyst price target adjustments and stock volatility.
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Banco Santander S.A. Increases Stock Holdings in Intuit Inc. $INTU
Banco Santander S.A. significantly increased its stake in Intuit Inc. (NASDAQ:INTU) by 164.1% in the third quarter, holding shares valued at over $20 million. This increase is part of a broader trend of institutional buying in Intuit, with numerous other firms also adjusting their holdings. Despite a mixed outlook including strong Q2 earnings, raised FY2026 EPS guidance, and a new AI partnership with Anthropic, concerns about a softer Q3 outlook and increased marketing spend have led to analyst price target adjustments and stock volatility.