Brandes Investment Partners 13F: Adds $67M to OTEX Stake

Brandes Investment Partners Grows Open Text Position

Brandes Investment Partners filed a Form 13F with the Securities and Exchange Commission revealing an expanded stake in Open Text Corporation OTEX on NasdaqGS. During the period, the firm grew its holdings by a 33.27244412763803% increase, picking up 3,029,841 shares. That move brought its total holdings to 12,135,998 shares, up from the prior count of 9,106,157 shares. Based on the valuation at the time, the block of shares carried a value of approximately $268.8 million.

Open Text Stock Performance

Open Text shares recently changed hands at $22.15 on Saturday. The enterprise software provider's shares have moved within a 52-week band ranging from a low of $19.78 up to a high of $39.90. The company trades with a price-to-earnings ratio of 8.9 and a forward P/E ratio of 5.4, while its dividend rate stands at $1.12 per share, giving it a dividend yield of 4.97%.

Recent Earnings for Open Text

For its recent operational period, Open Text posted $5.25 billion in revenue alongside a net margin of 12.3%. The company reported earnings of $2.58 per share, supported by a return on equity of 16.2% and an annual revenue growth rate of 2.9%. Investors will monitor the company's next scheduled earnings report on November 5, 2026, for updates on revenue trends.

Wall Street Analyst Views on Open Text

Wall Street firms have kept tabs on the software maker through recent rating updates. On August 8, 2026, Scotiabank maintained its sector outperform rating on the stock while adjusting its price target to $33.00 from $40.00. Earlier, on August 7, 2026, UBS maintained its neutral rating and moved its target from $25.00 to $27.00. Citigroup also maintained a neutral rating on August 7, 2026, while lifting its target to $28.00 from $25.00. Overall, the stock carries a consensus hold rating from eleven analysts, with a mean price target of $27.95.

About Open Text Corporation

Headquartered in Waterloo, Canada, Open Text Corporation builds data management solutions, enterprise AI applications, and cybersecurity products for global organizations, public sector agencies, and businesses. The company partners with major cloud providers and technology firms to deliver cloud services, messaging integration, and analytics tools.

What to Watch at Open Text Corporation

Because 13F filings look backward at completed quarters, this report shows past portfolio adjustments by Brandes Investment Partners rather than live trading activity. Future regulatory filings will reveal whether the firm continues to add to its software holdings or shifts its focus elsewhere.