State of Wisconsin Investment Board boosted its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 33.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,761 shares of the technology company’s stock after buying an additional 7,000 shares during the period. State of Wisconsin Investment Board owned approximately 0.08% of CoStar Group worth $7,318,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in CoStar Group by 4.0% in the first quarter. Vanguard Group Inc. now owns 2,553,913 shares of the technology company’s stock valued at $529,222,000 after buying an additional 99,302 shares in the last quarter. Wellington Management Group LLP increased its position in CoStar Group by 37.2% in the first quarter. Wellington Management Group LLP now owns 1,859,435 shares of the technology company’s stock valued at $385,312,000 after buying an additional 503,903 shares in the last quarter. William Blair Investment Management LLC increased its position in CoStar Group by 0.7% in the first quarter. William Blair Investment Management LLC now owns 1,621,963 shares of the technology company’s stock valued at $336,103,000 after buying an additional 10,560 shares in the last quarter. BlackRock Inc. increased its position in CoStar Group by 5,124.3% in the first quarter. BlackRock Inc. now owns 1,546,911 shares of the technology company’s stock valued at $320,551,000 after buying an additional 1,517,301 shares in the last quarter. Finally, State Street Corp increased its position in CoStar Group by 3.2% in the first quarter. State Street Corp now owns 570,780 shares of the technology company’s stock valued at $118,272,000 after buying an additional 17,777 shares in the last quarter. 99.87% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group, Inc. (NASDAQ CSGP) opened at 281.37 on Tuesday. The stock has a 50 day moving average price of $277.81 and a 200-day moving average price of $242.49. CoStar Group, Inc. has a 1-year low of $179.21 and a 1-year high of $287.85. The firm has a market cap of $9.23 billion, a P/E ratio of 94.45 and a beta of 1.51.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Wednesday, July 26th. The technology company reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.23. CoStar Group had a net margin of 10.85% and a return on equity of 7.19%. The firm had revenue of $237.20 million during the quarter, compared to analysts’ expectations of $234.38 million. During the same period last year, the company posted $0.91 EPS. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. Equities research analysts forecast that CoStar Group, Inc. will post $4.49 EPS for the current year.

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Several research analysts have issued reports on CSGP shares. BidaskClub downgraded CoStar Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded CoStar Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Needham & Company LLC increased their price target on CoStar Group from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, July 28th. B. Riley reissued a “buy” rating and issued a $335.00 price target on shares of CoStar Group in a research note on Friday, July 28th. Finally, Stephens reissued an “overweight” rating and issued a $275.00 price target (up previously from $260.00) on shares of CoStar Group in a research note on Monday, June 19th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $313.67.

In other news, VP Matthew Linnington sold 1,767 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $273.15, for a total value of $482,656.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael R. Klein sold 20,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $265.01, for a total transaction of $5,300,200.00. The disclosure for this sale can be found here. 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.

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

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