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Arrowstreet Capital Limited Partnership Purchases 210,042 Shares of Intuit Inc. $INTU
Arrowstreet Capital Limited Partnership increased its stake in Intuit Inc. (NASDAQ:INTU) by 17.5% during the third quarter, purchasing an additional 210,042 shares to own a total of 1,411,158 shares valued at $963.7 million. Several other hedge funds also adjusted their positions in Intuit, which currently has a market capitalization of $120.34 billion and a P/E ratio of 28.18. The company recently reported strong Q4 earnings, beating analyst estimates, and declared a quarterly dividend of $1.20 per share.