1832 Asset Management L.P. Adds $81M in Open Text Corporation ($OTEX)
Key Points
- 1832 Asset Management L.P. changed its Open Text Corporation ($OTEX) stake by 15.45% last quarter, boosting to 27,238,523 shares worth $603.33 million.
- $OTEX last traded around $22.15.
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1832 Asset Management L.P. increased its position in Open Text Corporation ($OTEX) by 15.45% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,238,523 shares of Open Text Corporation after buying 3,645,536 shares during the quarter. 1832 Asset Management L.P.'s holdings in Open Text Corporation were worth $603.33 million as of its most recent filing.
Open Text Corporation Stock Down 11.8%
Shares of Open Text Corporation ($OTEX) traded around $22.15 on Saturday, down 11.8% for the day.
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About Open Text Corporation
Open Text Corporation provides data management solutions for enterprise AI in North, Central and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China. Its products and solutions help organizations collect, connect, contextualize, protect, govern, use, and secure data across their operations. The company offers cloud services and subscriptions, including software as a service offerings, application programming interfaces and data services, and private cloud products, such as hosted services and managed service arrangements; foundational platform of technology services; and packaged business applications, as well as managed services and outsourced B2B integration solutions, including program implementation, operational management, and customer support. It also engages in licensing software products to customers; and consulting and learning services, such as implementation, training, and integration of licensed product offerings into the customer's systems. In addition, the company offers content, business network, observability and service management, cybersecurity, application delivery management, and analytics. It has partnerships with SAP SE, Google Cloud, Amazon Web Services, Microsoft Corporation, Oracle Corporation, and SALESFORCE, INC., as well as global systems integrators, including Accenture plc, Capgemini Technology Services SAS, Deloitte Consulting LLP, Hewlett Packard Enterprises, and Tata Consultancy Services. The company serves global 10,000 organizations, enterprise companies, public sector agencies, mid-market companies, SMBS, and direct consumers. Open Text Corporation was incorporated in 1991 and is headquartered in Waterloo, Canada.
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