Jane Street Group LLC trimmed its position in shares of StepStone Group LP (NASDAQ:STEP - Free Report) by 36.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,342 shares of the company's stock after selling 12,617 shares during the quarter. Jane Street Group LLC's holdings in StepStone Group were worth $1,293,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of STEP. PDT Partners LLC boosted its holdings in shares of StepStone Group by 54.6% during the 4th quarter. PDT Partners LLC now owns 43,017 shares of the company's stock valued at $2,490,000 after buying an additional 15,188 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of StepStone Group during the 4th quarter valued at $4,639,000. AdvisorShares Investments LLC bought a new stake in shares of StepStone Group during the 4th quarter valued at $457,000. Northern Trust Corp boosted its holdings in shares of StepStone Group by 8.5% during the 4th quarter. Northern Trust Corp now owns 692,570 shares of the company's stock valued at $40,086,000 after buying an additional 54,099 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in shares of StepStone Group during the 4th quarter valued at $1,436,000. 55.54% of the stock is owned by institutional investors.

In other news, insider Jason P. Ment sold 800 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $60.02, for a total value of $48,016.00. Following the transaction, the insider now owns 90,663 shares in the company, valued at $5,441,593.26. This represents a 0.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott W. Hart sold 900 shares of StepStone Group stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $60.01, for a total transaction of $54,009.00. Following the transaction, the chief executive officer now directly owns 109,100 shares in the company, valued at $6,547,091. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,700 shares of company stock valued at $716,325 in the last ninety days. 18.44% of the stock is currently owned by company insiders.

STEP stock opened at $58.43 on Wednesday. The stock has a market capitalization of $6.78 billion, a PE ratio of -34.57 and a beta of 1.37. The stock's 50 day simple moving average is $51.81 and its 200 day simple moving average is $58.01. StepStone Group LP has a 12-month low of $36.97 and a 12-month high of $70.38.

A number of brokerages have recently commented on STEP. Oppenheimer set a $67.00 price target on StepStone Group and gave the stock an "outperform" rating in a research report on Wednesday, April 16th. Evercore ISI boosted their price target on StepStone Group from $63.00 to $69.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Barclays dropped their price target on shares of StepStone Group from $69.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Monday, April 7th. Finally, Morgan Stanley dropped their price target on shares of StepStone Group from $66.00 to $51.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, StepStone Group has an average rating of "Hold" and an average price target of $61.64.

Check Out Our Latest Research Report on StepStone Group

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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.

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