StepStone Group Inc. (NASDAQ:STEP) Position Lifted by Swiss National Bank

Swiss National Bank lifted its holdings in StepStone Group Inc. (NASDAQ:STEP – Get Rating) by 2.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 118,600 shares of the company’s stock after buying an additional 3,300 shares during the quarter. Swiss National Bank owned approximately 0.11% of StepStone Group worth $2,986,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of STEP. Wellington Management Group LLP lifted its position in shares of StepStone Group by 116.7% in the 1st quarter. Wellington Management Group LLP now owns 1,744,564 shares of the company’s stock worth $57,675,000 after buying an additional 939,445 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in StepStone Group by 9.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,437,768 shares of the company’s stock valued at $141,545,000 after purchasing an additional 460,189 shares during the last quarter. BlackRock Inc. lifted its position in StepStone Group by 6.9% in the 1st quarter. BlackRock Inc. now owns 2,921,135 shares of the company’s stock valued at $96,573,000 after purchasing an additional 189,267 shares during the last quarter. Renaissance Technologies LLC lifted its position in StepStone Group by 51.2% in the 1st quarter. Renaissance Technologies LLC now owns 261,200 shares of the company’s stock valued at $8,635,000 after purchasing an additional 88,500 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its position in StepStone Group by 17.4% in the 1st quarter. Loomis Sayles & Co. L P now owns 559,266 shares of the company’s stock valued at $18,489,000 after purchasing an additional 82,813 shares during the last quarter. 93.82% of the stock is currently owned by institutional investors.

StepStone Group Stock Performance

STEP stock opened at $22.58 on Tuesday. The stock has a market cap of $2.47 billion, a P/E ratio of -282.25 and a beta of 1.36. The firm has a 50 day simple moving average of $22.87 and a 200 day simple moving average of $26.47. StepStone Group Inc. has a 52 week low of $20.75 and a 52 week high of $32.12.

Analyst Ratings Changes

Several brokerages recently weighed in on STEP. The Goldman Sachs Group lifted their price objective on shares of StepStone Group from $29.00 to $33.00 and gave the company a “neutral” rating in a research report on Friday, February 10th. TheStreet cut shares of StepStone Group from a “c-” rating to a “d+” rating in a research note on Thursday, May 4th. JPMorgan Chase & Co. lowered their target price on shares of StepStone Group from $37.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, February 13th. Finally, Morgan Stanley lowered their target price on shares of StepStone Group from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 19th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $33.40.

Insider Buying and Selling

In related news, CAO David Y. Park sold 2,400 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $28.52, for a total transaction of $68,448.00. Following the completion of the sale, the chief accounting officer now directly owns 31,864 shares in the company, valued at $908,761.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 20.01% of the stock is currently owned by corporate insiders.

StepStone Group Company Profile

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