Mon Jun 02 14:30:00 UTC 2025: Here’s a summary of the text and a rewrite as a news article:

**Summary:**

GAMMA Investing LLC significantly increased its holdings in Intuit (NASDAQ:INTU) during the first quarter, making it a top position in their portfolio. Other hedge funds also increased their stakes in Intuit. Meanwhile, company insiders, including Scott D. Cook and Laura A. Fennell, recently sold large amounts of their Intuit stock. Intuit’s stock price closed down slightly on Friday, but the company recently beat earnings expectations, analysts are generally positive on the stock, and a dividend is scheduled.

**News Article:**

**GAMMA Investing Boosts Stake in Intuit by Over 69,700% in Q1; Insiders Sell Shares**

**[CITY, STATE] –** GAMMA Investing LLC revealed a massive increase in its holdings of Intuit Inc. (NASDAQ:INTU) shares during the first quarter, according to its recent SEC filing. The firm increased its position by a staggering 69,701.9%, adding 2,821,534 shares to bring its total holdings to 2,825,582 shares, valued at $17.35 billion. Intuit now represents 3.1% of GAMMA Investing’s portfolio, making it the firm’s fourth-largest position.

GAMMA Investing’s move is part of a broader trend, with several other hedge funds also increasing their stakes in the financial software giant. Firms like Great Diamond Partners LLC, NewSquare Capital LLC, and Plancorp LLC all boosted their Intuit holdings during the fourth quarter. Currently, institutional investors and hedge funds hold 83.66% of Intuit’s stock.

However, the increased institutional investment is contrasted by significant insider selling. Intuit insider Scott D. Cook sold 72,442 shares on May 27th for over $53.7 million. Following that, EVP Laura A. Fennell also sold 25,648 shares on May 29th valued at more than $19.2 million. Over the last 90 days, insiders have sold a total of 189,804 shares, worth a collective $138 million. Despite these sales, insiders still own 2.68% of the company’s stock.

On Friday, Intuit shares closed down $5.18, trading at $752.04. The stock has a 52-week range of $532.65 to $761.02. The company recently reported strong earnings for the quarter, beating expectations with earnings per share of $11.65 on revenue of $7.75 billion.

The company also announced a quarterly dividend of $1.04 per share, payable on July 18th to shareholders of record as of July 10th.

Analysts remain mostly bullish on Intuit’s prospects. The stock currently holds a consensus “Moderate Buy” rating with an average price target of $785.33. Recent analyst actions include upgrades from HSBC and Wall Street Zen, as well as price target increases from Evercore ISI and Morgan Stanley.

Intuit Inc. provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally.

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