Nordea Investment Management Sells Intuit Shares

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Nordea Investment Management AB lowered its stake in shares of Intuit Inc. (NASDAQ:INTU) by 23.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 631,567 shares of the software maker's stock after selling 188,388 shares.

Why it matters

Nordea's reduced stake in Intuit could signal a shift in investor sentiment towards the financial software company, which is known for its popular products like TurboTax and QuickBooks. Institutional investors' trading activity can provide insights into the overall market's perception of a company's performance and future prospects.

The details

According to the 13F filing, Nordea Investment Management AB sold 188,388 shares of Intuit during the fourth quarter, reducing its total stake in the company to 631,567 shares. Nordea owned about 0.23% of Intuit's outstanding shares at the end of the reporting period.

• Nordea Investment Management AB filed its 13F report for the fourth quarter on March 22, 2026.