Schonfeld Strategic Advisors LLC Acquires Shares of 80,140 StepStone Group LP (NASDAQ:STEP)

Schonfeld Strategic Advisors LLC bought a new position in shares of StepStone Group LP (NASDAQ:STEP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 80,140 shares of the company's stock, valued at approximately $4,639,000. Schonfeld Strategic Advisors LLC owned approximately 0.07% of StepStone Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in StepStone Group by 6.3% in the 4th quarter. Vanguard Group Inc. now owns 6,938,181 shares of the company's stock worth $401,582,000 after buying an additional 411,133 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in StepStone Group by 19.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,599,875 shares of the company's stock worth $324,122,000 after purchasing an additional 895,521 shares during the last quarter. Invesco Ltd. grew its holdings in StepStone Group by 11.5% in the fourth quarter. Invesco Ltd. now owns 3,542,270 shares of the company's stock valued at $205,027,000 after purchasing an additional 366,154 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of StepStone Group by 0.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,902,366 shares of the company's stock valued at $110,109,000 after purchasing an additional 14,888 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in StepStone Group by 4.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,711,872 shares of the company's stock valued at $99,083,000 after buying an additional 77,490 shares in the last quarter. 55.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

STEP has been the subject of several analyst reports. Barclays cut their price target on StepStone Group from $69.00 to $48.00 and set an "equal weight" rating for the company in a report on Monday, April 7th. Evercore ISI upped their price target on shares of StepStone Group from $63.00 to $69.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Oppenheimer set a $67.00 target price on shares of StepStone Group and gave the stock an "outperform" rating in a report on Wednesday, April 16th. Finally, Morgan Stanley reduced their price objective on shares of StepStone Group from $66.00 to $51.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $61.64.

Insider Activity at StepStone Group

In other StepStone Group news, CAO Anthony Keathley sold 538 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $63.00, for a total transaction of $33,894.00. Following the sale, the chief accounting officer now owns 1,386 shares in the company, valued at approximately $87,318. The trade was a 27.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott W. Hart sold 10,000 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $61.43, for a total value of $614,300.00. Following the completion of the sale, the chief executive officer now directly owns 110,000 shares of the company's stock, valued at $6,757,300. This trade represents a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.44% of the stock is currently owned by corporate insiders.

StepStone Group Price Performance

STEP traded up $2.29 during midday trading on Thursday, reaching $55.86. 97,958 shares of the company's stock traded hands, compared to its average volume of 667,153. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of -32.88 and a beta of 1.37. StepStone Group LP has a 52 week low of $36.97 and a 52 week high of $70.38. The firm has a fifty day moving average of $50.94 and a two-hundred day moving average of $58.19.

StepStone Group Company Profile

StepStone Group Inc is a private equity and venture capital firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, buyout investments in mature and middle market companies.