SCHEDULE: FIL Limited Reports 6.9% Stake in Open Text Corp

FIL Limited, along with its affiliates Pandanus Partners, L.P. and Pandanus Associates, Inc., has disclosed beneficial ownership of 17,184,000 shares, representing 6.9% of Open Text Corporation's common stock as of March 31, 2026.

Summary

• FIL Limited, through its subsidiaries Pandanus Partners, L.P. and Pandanus Associates, Inc., has filed a Schedule 13G indicating beneficial ownership of 17,184,000 shares of Open Text Corporation's common stock.
• This holding represents 6.9% of the class of securities as of March 31, 2026.
• FIL Limited is classified as a financial institution (FI).
• Pandanus Partners, L.P. is a Delaware-based entity and is classified as a private investment partnership (PN).
• Pandanus Associates, Inc. is the general partner of Pandanus Partners, L.P. and is also Delaware-based, classified as a corporate entity (CO).
• The filing indicates that while Pandanus Partners, L.P. owns FIL Limited voting stock, no single member of the Johnson family is deemed a beneficial owner of more than five percent of Open Text Corporation's common stock.
• The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It's a routine disclosure of beneficial ownership without any indication of positive or negative performance, strategic shifts, or governance changes for Open Text Corporation.

Positives

• FIL Limited and its affiliates have a significant beneficial ownership stake (6.9%) in Open Text Corporation, indicating substantial investment.
• The filing is a routine disclosure, suggesting no immediate or unusual corporate actions are being reported.

Negatives

• The filing does not contain financial performance data or strategic updates, limiting the assessment of the company's operational health.

Risks

• The filing does not explicitly mention any risks or challenges faced by Open Text Corporation.
• Potential risks could include market volatility affecting the value of the investment for FIL Limited and its affiliates.
• Changes in Open Text Corporation's business performance could impact the value of the beneficially owned shares.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Open Text Corporation's future performance.

Management Comments

• FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. certify that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

Industry Context

StockSavvy.ai notes that this Schedule 13G filing by FIL Limited and its affiliates indicates a significant institutional holding in Open Text Corporation, a company operating in the enterprise information management and cloud services sector. Such filings are common for large investment firms and signal their positions in publicly traded companies.

Related Party Transactions

• Pandanus Partners, L.P. owns shares of FIL Limited voting stock. Pandanus Associates, Inc. acts as general partner of Pandanus Partners, L.P. Pandanus is owned by trusts for the benefit of members of the Johnson family, including FIL's Chairman Abigail P. Johnson. However, these members disclaim beneficial ownership of the reported securities.

Stakeholder Impact

• Shareholders of Open Text Corporation: The filing confirms a significant institutional investor's stake, which can influence market perception and liquidity.
• FIL Limited and its affiliates: The filing confirms their investment position and associated rights and responsibilities as beneficial owners.
• Management and Board of Open Text Corporation: Awareness of significant beneficial ownership is crucial for corporate governance and strategic decision-making.

Next Steps

• FIL Limited and its affiliates will continue to hold their beneficial ownership stake in Open Text Corporation.
• Future filings will be made if there are material changes in beneficial ownership.

Key Dates

Keywords

Open Text Corporation, Schedule 13G, FIL Limited, Pandanus Partners, Pandanus Associates, Beneficial Ownership, Common Stock, Investment, SEC Filing, Securities Exchange Act