Pictet Asset Management Ltd. boosted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,600 shares of the technology company’s stock after buying an additional 600 shares during the period. Pictet Asset Management Ltd.’s holdings in CoStar Group were worth $2,404,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Janus Capital Management LLC increased its position in shares of CoStar Group by 20.2% in the fourth quarter. Janus Capital Management LLC now owns 2,597,711 shares of the technology company’s stock valued at $489,741,000 after buying an additional 436,933 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of CoStar Group by 6.3% in the fourth quarter. William Blair Investment Management LLC now owns 1,611,403 shares of the technology company’s stock valued at $303,733,000 after buying an additional 95,275 shares during the last quarter. State Street Corp increased its position in shares of CoStar Group by 41.1% in the fourth quarter. State Street Corp now owns 553,003 shares of the technology company’s stock valued at $104,248,000 after buying an additional 161,148 shares during the last quarter. FMR LLC increased its position in shares of CoStar Group by 758.4% in the fourth quarter. FMR LLC now owns 446,500 shares of the technology company’s stock valued at $84,161,000 after buying an additional 394,486 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of CoStar Group by 39.4% in the first quarter. Bank of New York Mellon Corp now owns 254,156 shares of the technology company’s stock valued at $52,666,000 after buying an additional 71,873 shares during the last quarter.

Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

Shares of CoStar Group, Inc. (NASDAQ:CSGP) traded up 1.98% during mid-day trading on Friday, hitting $256.31. 254,875 shares of the company traded hands. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 92.20 and a beta of 1.53. The firm has a 50-day moving average price of $254.16 and a 200 day moving average price of $214.97. CoStar Group, Inc. has a 52-week low of $179.21 and a 52-week high of $267.46.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Wednesday, April 26th. The technology company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.11. The business had revenue of $227 million for the quarter, compared to analysts’ expectations of $224.69 million. CoStar Group had a return on equity of 7.23% and a net margin of 10.47%. CoStar Group’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.95 EPS. Equities research analysts anticipate that CoStar Group, Inc. will post $4.37 EPS for the current fiscal year.

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Several research analysts have issued reports on CSGP shares. Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “buy” rating and set a $272.00 price objective on the stock in a research report on Tuesday, May 2nd. TheStreet upgraded shares of CoStar Group from a “c+” rating to a “b” rating in a research note on Thursday, February 23rd. Finally, Needham & Company LLC raised their target price on shares of CoStar Group from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Six research analysts have rated the stock with a buy rating, CoStar Group currently has an average rating of “Buy” and an average price target of $262.40.

In other CoStar Group news, CEO Andrew C. Florance sold 21,768 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $244.73, for a total transaction of $5,327,282.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Matthew Linnington sold 1,037 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $240.00, for a total value of $248,880.00. The disclosure for this sale can be found here. Insiders sold a total of 94,806 shares of company stock worth $23,171,490 in the last 90 days. Company insiders own 2.98% of the company’s stock.

About CoStar Group

CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.

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