Natixis Advisors LLC Has $38.59 Million Stake in CoStar Group, Inc. (NASDAQ:CSGP)

Natixis Advisors LLC boosted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 539,013 shares of the technology company's stock after purchasing an additional 43,443 shares during the period. Natixis Advisors LLC owned about 0.13% of CoStar Group worth $38,588,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in CoStar Group by 73.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,358,331 shares of the technology company's stock worth $177,913,000 after purchasing an additional 1,001,177 shares in the last quarter. Telemark Asset Management LLC increased its holdings in CoStar Group by 42.9% during the 3rd quarter. Telemark Asset Management LLC now owns 500,000 shares of the technology company's stock worth $37,720,000 after purchasing an additional 150,000 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in CoStar Group by 16.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 103,547 shares of the technology company's stock worth $7,812,000 after purchasing an additional 14,468 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in CoStar Group during the 3rd quarter worth about $621,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in CoStar Group by 497.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,133 shares of the technology company's stock worth $511,000 after purchasing an additional 5,940 shares in the last quarter. Institutional investors own 96.60% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Needham & Company LLC decreased their price objective on CoStar Group from $100.00 to $87.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. JMP Securities restated a "market outperform" rating and issued a $90.00 price objective on shares of CoStar Group in a report on Monday, December 16th. Stephens restated an "overweight" rating and issued a $103.00 price objective on shares of CoStar Group in a report on Tuesday, February 18th. Wells Fargo & Company decreased their price objective on CoStar Group from $65.00 to $63.00 and set an "underweight" rating for the company in a report on Wednesday, February 19th. Finally, StockNews.com downgraded shares of CoStar Group from a "hold" rating to a "sell" rating in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, CoStar Group has an average rating of "Moderate Buy" and an average target price of $88.07.

CoStar Group Price Performance

Shares of NASDAQ CSGP traded down $0.38 during midday trading on Thursday, reaching $79.02. 2,162,109 shares of the company were exchanged, compared to its average volume of 2,532,857. The stock's 50-day moving average price is $75.82 and its 200-day moving average price is $75.71. The stock has a market cap of $32.41 billion, a P/E ratio of 225.77 and a beta of 0.93. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $97.91. The company has a quick ratio of 9.63, a current ratio of 8.96 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its earnings results on Tuesday, February 18th. The technology company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22. The firm had revenue of $709.40 million for the quarter, compared to analysts' expectations of $703.00 million. CoStar Group had a net margin of 5.07% and a return on equity of 3.11%. On average, sell-side analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group declared that its Board of Directors has approved a share repurchase program on Tuesday, February 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 1.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other news, CAO Cynthia Cammett Cann sold 1,749 shares of CoStar Group stock in a transaction on Monday, March 10th. The shares were sold at an average price of $79.90, for a total transaction of $139,745.10. Following the transaction, the chief accounting officer now owns 29,456 shares in the company, valued at approximately $2,353,534.40. The trade was a 5.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.57% of the company's stock.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.