SCHEDULE: FIL Limited Reports 7.9% Stake in Open Text Corp

FIL Limited and its affiliates have reported beneficial ownership of 7.9% of Open Text Corporation's common stock as of June 30, 2026.

Summary

• FIL Limited, along with its subsidiaries and affiliates (collectively, the 'FIL Reporters'), has filed a Schedule 13G, indicating a significant beneficial ownership in Open Text Corporation.
• As of June 30, 2026, the FIL Reporters collectively beneficially own 19,135,000 shares of Open Text Corporation's common stock.
• This holding represents 7.9% of the total outstanding shares of common stock.
• Pandanus Partners, L.P. owns shares of FIL Limited's voting stock, which normally represents more than 25% and less than 48.5% of FIL's total votes.
• Pandanus Associates, Inc. acts as the general partner of Pandanus Partners, L.P.
• The filing clarifies that while trusts for the benefit of members of the Johnson family own Pandanus, these members disclaim beneficial ownership of the reported securities.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting a change in beneficial ownership without new operational or financial performance data.

Positives

• FIL Limited's increased stake could signal confidence in Open Text Corporation's long-term prospects.
• The filing clearly delineates the ownership structure and beneficial interest.

Negatives

• The filing does not provide any new operational or financial performance data for Open Text Corporation.
• The complex ownership structure involving FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. may require further scrutiny for some investors.

Risks

• Potential for increased influence or activism by FIL Limited given its significant ownership stake.
• Fluctuations in the voting power of Pandanus Partners, L.P. in FIL Limited's stock could impact FIL's governance.

Future Outlook

This filing is a report 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 or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that significant stake acquisitions or increases in beneficial ownership, as reported in Schedule 13G filings, are common in the software and enterprise information management sector, often signaling strategic investment or potential influence by institutional investors.

Related Party Transactions

• Pandanus Partners, L.P. owns shares of FIL Limited voting stock.
• Pandanus is owned by trusts for the benefit of members of the Johnson family, including FIL's Chairman Abigail P. Johnson.

Stakeholder Impact

• Shareholders: May view the increased stake by FIL Limited as a positive sign of investor confidence, or potentially as a precursor to activism.
• Management of Open Text Corporation: May need to engage with FIL Limited regarding its significant ownership and potential influence.
• Competitors: May monitor the strategic intentions of FIL Limited concerning Open Text Corporation.

Next Steps

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

Key Dates

Keywords

Open Text Corporation, FIL Limited, Schedule 13G, Beneficial Ownership, Common Stock, Investment, Shareholder