• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Amendment: SEC Form SC 13G/A filed by Open Text Corporation

    10/10/24 10:45:34 AM ET
    $OTEX
    EDP Services
    Technology
    Get the next $OTEX alert in real time by email
    SC 13G/A 1 otexa3_101024.htm BANK OF NOVA SCOTIA otexa3_101024.htm
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
    SCHEDULE 13G
    Under the Securities Exchange Act of 1934
    (Amendment No. 3)*
    Open Text Corp.
    (Name of Issuer)
    Common Shares
    (Title of Class of Securities)
    683715106
    (CUSIP Number)
    December 29, 2023
    (Date of Event which Requires Filing of this Statement)
    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
    [X] Rule 13d-1(b)
    [   ] Rule 13d-1(c)
    [   ] Rule 13d-1(d)
    * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
    The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see Instructions).
    CUSIP No.: 683715106
           
    1
    NAME OF REPORTING PERSON
    The Bank of Nova Scotia
    I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) [   ]
    (b) [   ]
    3 SEC USE ONLY
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
    Canada
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5
    SOLE VOTING POWER
    3,888,599
    6
    SHARED VOTING POWER
    0
    7
    SOLE DISPOSITIVE POWER
    3,888,599
    8
    SHARED DISPOSITIVE POWER
    0
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    3,888,599
    10
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
    [   ]
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    1.43%
    12
    TYPE OF REPORTING PERSON
    FI
    ~~ Amendment to correct Reporting Persons beneficial ownership relating to this issuer for year-end 2023.~~ In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "BNS Reporting Units") of the Bank of Nova Scotia and its subsidiaries and affiliates (collectively, "BNS"). This filing does not reflect securities, if any, beneficially owned by any operating units of BNS whose ownership of securities is disaggregated from that of the BNS Reporting Units in accordance with the Release.
    CUSIP No.: 683715106
    ITEM 1(a). NAME OF ISSUER:
    Open Text Corp.
    ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
    275 FRANK TOMPA DRIVE, WATERLOO, ONTARIO CANADA, Ontario, Canada, N2L 0A1
    ITEM 2(a). NAME OF PERSON FILING:
    The Bank of Nova Scotia
    ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
    40 Temperance Street, Toronto, Ontario, M5H 0B4
    ITEM 2(c). CITIZENSHIP:
    Canada
    ITEM 2(d). TITLE OF CLASS OF SECURITIES:
    Common Shares
    ITEM 2(e). CUSIP NUMBER:
    683715106
    ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A:
    (a)
    [ ]
    Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c);
    (b)
    [ ]
    Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
    (c)
    [ ]
    Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
    (d)
    [ ]
    Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);
    (e)
    [ ]
    An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);
    (f)
    [ ]
    An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F);
    (g)
    [ ]
    A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G);
    (h)
    [ ]
    A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
    (i)
    [ ]
    A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
    (j)
    [X]
    A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J);
    (k)
    [ ]
    Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution:
    g
    ITEM 4. OWNERSHIP
    (a) Amount beneficially owned:
    3,888,599
    (b) Percent of class:
    1.43%
    (c) Number of shares as to which the person has:
    (i) sole power to vote or to direct the vote:
    The Bank of Nova Scotia : 3,888,599
    (ii) shared power to vote or to direct the vote:
    The Bank of Nova Scotia : 0
    (iii) sole power to dispose or direct the disposition of:
    The Bank of Nova Scotia : 3,888,599
    (iv) shared power to dispose or to direct the disposition of:
    The Bank of Nova Scotia : 0
    ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X].
    ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
    N/A
    ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
    N/A
    ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
    N/A
    ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
    N/A
    ITEM 10. CERTIFICATION:
    By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to insert particular category of institutional investor is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.
    CUSIP No.: 683715106
    SIGNATURE
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
    October 10 2024
    The Bank of Nova Scotia
    By:
    /s/ George Jones
    Name:
    George Jones
    Title:
    Senior Vice President, Compliance GBM and Treasury
    Attention — Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).
    Get the next $OTEX alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $OTEX

    DatePrice TargetRatingAnalyst
    12/17/2024$32.00Neutral
    UBS
    11/1/2024$45.00 → $33.00Outperform → Sector Perform
    RBC Capital Mkts
    8/2/2024Outperform → Sector Perform
    National Bank Financial
    5/3/2024$50.00 → $38.00Outperform → Market Perform
    BMO Capital Markets
    2/27/2024$45.00Buy
    Jefferies
    3/22/2023$41.00Equal Weight
    Barclays
    9/1/2022$34.00Neutral
    Citigroup
    8/26/2022Sector Outperform → Neutral
    CIBC
    More analyst ratings

    $OTEX
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • OpenText Reports Third Quarter Fiscal Year 2025 Financial Results

      Announces Expansion and Final Phase of Business Optimization Plan Fiscal 2025 Third Quarter Highlights (in millions(1)) Cloud Revenues Profitability EPS Cash Flows Net Income A-EBITDA GAAP Non-GAAP Operating Free Cash Flows $463 $93 $395 $0.35 $0.82 $402 $374 +1.8% Y/Y 7.4% margin 31.5% margin -2.8% Y/Y -12.8% Y/Y +4.6% Y/Y +7.4% Y/Y   "On the strength of our operating model, OpenText delivered solid Q3 Cloud revenues, A-EBITDA margin and free cash flows, however, total revenues fell short of our expectations given demand volatility," said Mark J. Barrenechea, OpenText CEO & CTO. "While every organization is managing significant uncertainty, we continue to prove the criticality of OpenText p

      4/30/25 4:01:00 PM ET
      $OTEX
      EDP Services
      Technology
    • Media Alert: OpenText Showcases End-to-End Cybersecurity Innovation at RSA Conference 2025

      WATERLOO, ON, April 15, 2025 /PRNewswire/ -- OpenText™ today announced its participation at RSA Conference 2025, the premier cybersecurity event in North America. Aligned with this year's theme — Unite. Innovate. Shine. Many Voices. One Community. — OpenText Cybersecurity will spotlight how organizations can strengthen cyber resilience through AI-powered threat detection, integrated security, and intelligent risk management. Modern threats require modern solutions.Attendees are invited to connect with OpenText experts to explore how to protect, detect, and respond to today's m

      4/15/25 10:00:00 AM ET
      $OTEX
      EDP Services
      Technology
    • OpenText Customers Leverage AI, Cloud and Security Solutions to Drive Transformation and Success

      BMO and Catalent Pharma Solutions Partner with OpenText to Transform Business Operations and Drive Innovation WATERLOO, ON, April 14, 2025 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX:OTEX) the leader Information Management, helps organizations solve complex global problems and impactful transformation with a comprehensive suite of Business Clouds, Business AI and Business Technology including Security. With innovative information management solutions, including the availability of its latest flagship OpenText Cloud Editions 25.2, OpenText is helping organizations create a new digital labor force and raise human potential and productivity.

      4/14/25 9:00:00 AM ET
      $OTEX
      EDP Services
      Technology

    $OTEX
    Leadership Updates

    Live Leadership Updates

    See more
    • OpenText Appoints Chadwick Westlake Chief Financial Officer To Reinforce Top Priorities

      WATERLOO, ON, Feb. 26, 2025 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX:OTEX), today announced Chadwick Westlake as Executive Vice President, Chief Financial Officer, effective March 5, 2025, to succeed Madhu Ranganathan. This appointment underscores the company's commitment to excellence and reinforces its top priorities on total revenue growth, increased competitive advantage, margin and free cash flow expansion, and upper quartile capital returns. Mr. Westlake is a highly experienced finance and transformation executive, previously serving as the Chief Financial Officer

      2/26/25 8:00:00 AM ET
      $OTEX
      EDP Services
      Technology
    • OpenText appoints Savinay Berry as EVP & Chief Product Officer

      WATERLOO, ON, Jan. 27, 2025 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX:OTEX), today announced the strategic appointment of Savinay Berry as EVP & Chief Product Officer for the global information management leader. Mr. Berry will lead a charter focused on products and innovation across the company's wide set of data-oriented domains to help drive growth. Further, Muhi Majzoub has taken on a new role as EVP, Security Products, increasing the company's focus and accelerating its opportunity in this critical market. Berry has deep experience leading technology and engineering

      1/27/25 11:00:00 AM ET
      $OTEX
      EDP Services
      Technology
    • OpenText Appoints Fletcher Previn to Board of Directors

      WATERLOO, ON, Nov. 26, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced the appointment of Fletcher Previn to its board of directors. Mr. Previn is Senior Vice President & Chief Information Officer of Cisco Systems, Inc., a worldwide technology leader that connects a broad range of technologies that help to power, secure, and draw insights from the Internet. "I am very pleased to welcome Fletcher to the OpenText Board," said Tom Jenkins, Chair of the Board of Directors. "He is a highly qualified executive with over 20 years of experience in

      11/26/24 8:00:00 AM ET
      $OTEX
      EDP Services
      Technology

    $OTEX
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • UBS initiated coverage on Open Text with a new price target

      UBS initiated coverage of Open Text with a rating of Neutral and set a new price target of $32.00

      12/17/24 8:15:27 AM ET
      $OTEX
      EDP Services
      Technology
    • Open Text downgraded by RBC Capital Mkts with a new price target

      RBC Capital Mkts downgraded Open Text from Outperform to Sector Perform and set a new price target of $33.00 from $45.00 previously

      11/1/24 7:37:21 AM ET
      $OTEX
      EDP Services
      Technology
    • Open Text downgraded by National Bank Financial

      National Bank Financial downgraded Open Text from Outperform to Sector Perform

      8/2/24 8:58:27 AM ET
      $OTEX
      EDP Services
      Technology

    $OTEX
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SEC Form 3: New insider Open Text Corp claimed ownership of 1,000 shares

      3 - OPEN TEXT CORP (0001002638) (Reporting)

      12/23/21 4:05:16 PM ET
      $OTEX
      EDP Services
      Technology

    $OTEX
    SEC Filings

    See more
    • SEC Form 10-Q filed by Open Text Corporation

      10-Q - OPEN TEXT CORP (0001002638) (Filer)

      4/30/25 4:03:33 PM ET
      $OTEX
      EDP Services
      Technology
    • Open Text Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Costs Associated with Exit or Disposal Activities, Other Events

      8-K - OPEN TEXT CORP (0001002638) (Filer)

      4/30/25 4:02:45 PM ET
      $OTEX
      EDP Services
      Technology
    • Amendment: SEC Form SCHEDULE 13G/A filed by Open Text Corporation

      SCHEDULE 13G/A - OPEN TEXT CORP (0001002638) (Subject)

      4/15/25 2:26:02 PM ET
      $OTEX
      EDP Services
      Technology

    $OTEX
    Financials

    Live finance-specific insights

    See more
    • OpenText Reports Third Quarter Fiscal Year 2025 Financial Results

      Announces Expansion and Final Phase of Business Optimization Plan Fiscal 2025 Third Quarter Highlights (in millions(1)) Cloud Revenues Profitability EPS Cash Flows Net Income A-EBITDA GAAP Non-GAAP Operating Free Cash Flows $463 $93 $395 $0.35 $0.82 $402 $374 +1.8% Y/Y 7.4% margin 31.5% margin -2.8% Y/Y -12.8% Y/Y +4.6% Y/Y +7.4% Y/Y   "On the strength of our operating model, OpenText delivered solid Q3 Cloud revenues, A-EBITDA margin and free cash flows, however, total revenues fell short of our expectations given demand volatility," said Mark J. Barrenechea, OpenText CEO & CTO. "While every organization is managing significant uncertainty, we continue to prove the criticality of OpenText p

      4/30/25 4:01:00 PM ET
      $OTEX
      EDP Services
      Technology
    • OpenText to Report Third Quarter Fiscal Year 2025 Financial Results on Wednesday, April 30, 2025 and to Host Conference Call Thursday, May 1, 2025

      WATERLOO, ON, April 9, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), announced today that financial results for its third quarter fiscal year 2025 will be released after the close of market on Wednesday, April 30, 2025. In a new approach, OpenText CEO & CTO Mark J. Barrenechea, and EVP & CFO Chadwick Westlake, will host an earnings call webcast the following morning from the OpenText Investor Relations website. Earnings Call Webcast Details: Date: Thursday, May 1, 2025 Time: 8:30 a.m. ET / 5:30 a.m. PT Length: 60 minutes Webcast: Access on OpenText IR w

      4/9/25 9:00:00 AM ET
      $OTEX
      EDP Services
      Technology
    • OpenText Increases Share Repurchase Program to US$450 Million and Establishes Automatic Share Purchase Plan

      WATERLOO, ON, March 13, 2025 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX:OTEX) (the Company), today announced that it has increased its previously announced Fiscal 2025 normal course issuer bid (NCIB) by US$150 million, to purchase for cancellation up to a maximum aggregate value of US$450 million of its common shares (Common Shares). The maximum number of Common Shares that may be acquired under the NCIB will remain unchanged at the 21,179,064 Common Shares previously approved by the Toronto Stock Exchange (TSX).  Further, as part of the NCIB, it has established an automatic share purchase plan (ASPP) with its broker to facilitate repurchases of the Common Shares.  

      3/13/25 5:00:00 PM ET
      $OTEX
      EDP Services
      Technology

    $OTEX
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Open Text Corporation

      SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)

      10/10/24 10:45:34 AM ET
      $OTEX
      EDP Services
      Technology
    • Amendment: SEC Form SC 13G/A filed by Open Text Corporation

      SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)

      10/10/24 10:44:11 AM ET
      $OTEX
      EDP Services
      Technology
    • SEC Form SC 13G/A filed by Open Text Corporation (Amendment)

      SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)

      2/14/24 4:15:39 PM ET
      $OTEX
      EDP Services
      Technology