OpenText (OTEX)
Manages, protects, and activates enterprise information for AI.
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Sells enterprise information-management software across content management, business networks, cybersecurity, and IT operations. An acquisition-built portfolio is delivered through cloud and software offerings, with data governance and security central to its AI-focused strategy.
Builds enterprise information-management software that manages content, connects business networks, secures data, and supports IT operations. The portfolio also includes AI-related capabilities intended to help enterprises protect, govern, and activate data.
Acquisitions including Documentum, Carbonite, and Micro Focus expanded the product set, while the company later sold its AMC business and Vertica as non-core assets. Its history traces the acquisition-built portfolio back to Waterloo-origin search technology developed for the first online Oxford English Dictionary.
The business focuses on cloud, security, and AI as it integrates acquired businesses and simplifies its portfolio.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 7, 2026 | Scotiabank | Reiterate | Rating: —Target: $40 | Target: $33 |
| Aug 6, 2026 | Raymond James | Downgrade | Target: $48 | Target: $29.50 |
| May 11, 2026 | Barclays | Reiterate | Rating: —Target: $25 | Target: $27 |
| May 8, 2026 | RBC Capital | Reiterate | Rating: —Target: $30 | Target: $27 |
| May 8, 2026 | Scotiabank | Reiterate | Rating: —Target: $35 | Target: $40 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $956.0M · Total debt $5.97B · Total assets $13.11B · Shareholders' equity $4.01B
- Revenue
- $5.25B
- Operating income
- $1.08B
- Net income
- $643.0M
HistoryDividendAnnual yield
| Institutions | 84.17% | 203.80M shares | |
|---|---|---|---|
| 290 holders · as of Jun 30, 2026 | |||
| Other | 15.83% | 38.32M shares | |
| remainder | |||
242.13M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
1832 Asset Management L.P.Institution | 10.34% | 25.04M | as of Jun 30, 2026 |
FIL LtdInstitution | 7.90% | 19.14M | as of Jun 30, 2026 |
Jarislowsky, Fraser LimitedInstitution | 6.36% | 15.39M | filed Feb 12, 2024 |
Brandes Investment Partners, LPInstitution | 5.39% | 13.06M | as of Jun 30, 2026 |
Manufacturers Life Insurance Company, theInstitution | 4.97% | 12.04M | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- IBM
Broad enterprise information-management overlap.
- Microsoft
Overlaps in content, security, cloud, and DevOps.
- ServiceNow
Direct overlap in IT operations, service management, and SecOps.
- Oracle
Enterprise applications and infrastructure compete in selected accounts.
- CrowdStrike
Cloud-delivered endpoint, identity, and data security overlap.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| OpenText | $22.60 | −2.08% | $5.60B | 5.1 | 5.8 | 0.6 | +0.6% |
| IBM | $230.84 | −0.47% | $218.51B | 20.5 | 18.1 | 3.2 | +1.1% |
| Microsoft | $495.61 | −1.20% | $3.72T | 27.9 | 25.3 | 11.2 | +17.8% |
| ServiceNow | $135.42 | −1.64% | $142.34B | 86.0 | 29.8 | 9.7 | +24.0% |
| Oracle | $149.51 | +0.64% | $427.95B | 23.3 | 17.6 | 6.0 | +29.6% |
| CrowdStrike | $245.80 | −1.42% | $253.90B | 7,104.0 | 174.4 | 47.1 | +25.8% |
| Median | 27.9 | 25.3 | 9.7 | +24.0% |