Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Intuit Inc. (NASDAQ:INTU).

SEC data indicate these insiders have sold Intuit Inc.’s stock since 06/30/2011:

Batchelder David H: act as Director. On 09/08/2011, sold 3,037,716 shares, worth $143,957,400.

Batchelder David H: act as Director. On 09/13/2011, sold 1,299,451 shares, worth $60,606,400.

Batchelder David H: act as Director. On 09/14/2011, sold 1,225,333 shares, worth $57,296,600.

Cook Scott D: act as Chairman of Exec. Committee. On 11/21/2011, sold 518,360 shares, worth $26,291,200.

Cook Scott D: act as Chairman, Executive Committee. On 08/23/2011, sold 500,000 shares, worth $22,055,000.

SEC data indicate that these institutions significantly reduced their stock shares of Intuit Inc. in Q3 2011:

TWO SIGMA INVESTMENTS LLC: On 06/30/2011, held 634,953 shares, worth $32,820,721. On 09/30/2011, held 0 shares.

CADENCE CAPITAL MANAGEMENT LLC: On 06/30/2011, held 465,860 shares, worth $24,080,303. On 09/30/2011, held 0 shares.

HIGHBRIDGE CAPITAL MANAGEMENT LLC: On 06/30/2011, held 393,885 shares, worth $20,359,916. On 09/30/2011, held 0 shares.

DG CAPITAL MANAGEMENT INC: On 06/30/2011, held 334,680 shares, worth $17,299,609. On 09/30/2011, held 0 shares.

CHASE INVESTMENT COUNSEL CORP: On 06/30/2011, held 322,223 shares, worth $16,655,707. On 09/30/2011, held 0 shares.

About the company: Intuit Inc. develops and markets business and financial management software solutions for small and medium sized businesses, financial institutions, consumers, and accounting professionals The Company provides software for small business management and payroll processing, personal finance, and tax preparation and filing.

Competitors to Watch: Microsoft Corporation (NASDAQ:MSFT), H&R Block, Inc. (NYSE:HRB), Fiserv, Inc. (NASDAQ:FISV), NetSuite Inc. (NYSE:N), salesforce.com, inc. (NYSE:CRM), Nuance Communications Inc. (NASDAQ:NUAN), Fidelity National Information Services (NYSE:FIS), Paychex, Inc. (NASDAQ:PAYX), Automatic Data Processing (NASDAQ:ADP), and Oracle Corporation (NASDAQ:ORCL).

(Note: Data regarding Intuit Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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To contact the reporter on this story: Jose Fajardo at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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