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 increased stock shares of Intuit Inc. (NASDAQ:INTU).

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

RCM CAPITAL MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 3,746,155 shares, worth $177,155,670.

COATUE MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 2,738,093 shares, worth $129,484,418.

MORGAN STANLEY: On 06/30/2011, held 0 shares. On 09/30/2011, held 1,128,689 shares, worth $53,375,703.

ATLANTA CAPITAL MANAGEMENT CO L L C: On 06/30/2011, held 0 shares. On 09/30/2011, held 813,554 shares, worth $38,472,969.

HUNTER GLOBAL INVESTORS L P: On 06/30/2011, held 0 shares. On 09/30/2011, held 496,300 shares, worth $23,470,027.

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: Dave Friedman at staff.writers@wallstcheatsheet.com

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

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