• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • 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
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

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

    10/10/24 10:44:11 AM ET
    $OTEX
    EDP Services
    Technology
    Get the next $OTEX alert in real time by email
    SC 13G/A 1 otexa2_101024.htm BANK OF NOVA SCOTIA otexa2_101024.htm
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
    SCHEDULE 13G
    Under the Securities Exchange Act of 1934
    (Amendment No. 2)*
    Open Text Corp.
    (Name of Issuer)
    Common Shares
    (Title of Class of Securities)
    683715106
    (CUSIP Number)
    December 30, 2022
    (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
    22,913,048.57
    6
    SHARED VOTING POWER
    0
    7
    SOLE DISPOSITIVE POWER
    22,913,048.57
    8
    SHARED DISPOSITIVE POWER
    0
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    22,913,048.57
    10
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
    [   ]
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    8.5%
    12
    TYPE OF REPORTING PERSON
    FI
    Amendment to correct Reporting Persons beneficial ownership relating to this issuer for year-end 2022.
    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:
    22,913,048.57
    (b) Percent of class:
    8.5%
    (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 : 21,707,143
    (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 : 21,707,143
    (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 [ ].
    ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
    One or more of the Reporting Persons subsidiaries (please see Item 7 below), has discretion over the investments held by certain funds and/or clients, as applicable in each case. Such funds/clients are entitled to receive any dividends from these securities and are also entitled to the proceeds received from their sale.
    ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
    Jarislowsky, Fraser Limited - 3(e) ** Note: this entity holds greater than 5%
    1832 Asset Management LP. - 3(j)+3(e)
    MD Financial Management Inc. - 3(j)+3(e)
    BNS Master Trust (Pensions) - 3(j)+3(f)
    Scotia Inverlat Casa de Bolsa SA de CV - 3(j)+3(a)
    Scotia Capital Inc. - 3(j)+3(a)
    Scotia Fondos, S.A. de C.V., Sociedad Operadora de Fondos de Inversion, Grupo Financiero Scotiabank Inverlat - 3(j)+3(d)
    The Bank of Nova Scotia Trust Company - PI with an aggregated position of <1%
    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

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $OTEX

    DatePrice TargetRatingAnalyst
    9/15/2025$45.00Sector Perform → Outperform
    National Bank Financial
    8/12/2025$33.00Buy → Hold
    Jefferies
    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
    More analyst ratings

    $OTEX
    Insider Trading

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

    View All

    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

    View All

    SEC Form 144 filed by Open Text Corporation

    144 - OPEN TEXT CORP (0001002638) (Subject)

    11/17/25 5:18:56 PM ET
    $OTEX
    EDP Services
    Technology

    SEC Form 144 filed by Open Text Corporation

    144 - OPEN TEXT CORP (0001002638) (Subject)

    11/12/25 4:02:44 PM ET
    $OTEX
    EDP Services
    Technology

    SEC Form 10-Q filed by Open Text Corporation

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

    11/5/25 4:04:37 PM 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.

    View All

    Open Text upgraded by National Bank Financial with a new price target

    National Bank Financial upgraded Open Text from Sector Perform to Outperform and set a new price target of $45.00

    9/15/25 8:01:48 AM ET
    $OTEX
    EDP Services
    Technology

    Open Text downgraded by Jefferies with a new price target

    Jefferies downgraded Open Text from Buy to Hold and set a new price target of $33.00

    8/12/25 7:56:21 AM ET
    $OTEX
    EDP Services
    Technology

    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

    $OTEX
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    OpenText Deepens Partnership with Google to Accelerate AI Innovation, Data Security, and Sovereign Cloud Solutions

    Expanded collaboration introduces new AI-to-AI solutions, advanced data protection for retailers, and sovereign cloud integration across global regions. WATERLOO, ON, Nov. 19, 2025 /PRNewswire/ -- OpenText™ (NASDAQ/TSX:OTEX), a global leader in secure information management for AI, today announced an expanded partnership with Google Cloud to deliver transformative solutions across artificial intelligence (AI), data privacy, and sovereign cloud infrastructure. The collaboration combines OpenText's enterprise information management expertise with Google Cloud's AI and infrastructure technologies to help organizations solve complex business challenges with confidence and agility.

    11/19/25 9:00:00 AM ET
    $OTEX
    EDP Services
    Technology

    OpenText World 2025: OpenText Unveils Next-Generation AI Data Platform for Secure Information Management

    New platform unites data management and AI to help enterprises securely activate their information and deliver contextual, trusted automation at scale WATERLOO, ON, Nov. 18, 2025 /PRNewswire/ -- OpenText (NASDAQ/TSX:OTEX), a global leader in secure information management for AI, today announced its vision for the future of enterprise AI with the introduction of the OpenText AI Data Platform (AIDP). OpenText AI Data Platform addresses the convergence of data and AI to deliver secure and scalable enterprise capabilities. As volumes of proprietary data grow exponentially, organiz

    11/18/25 9:38:00 AM ET
    $OTEX
    EDP Services
    Technology

    World Quality Report 2025: AI adoption surges in Quality Engineering, but enterprise-level scaling remains elusive

    Top barriers for scaling include integration complexity (64%), data privacy risks (67%) and skill gaps (50%) WATERLOO, ON, Nov. 13, 2025 /PRNewswire/ -- OpenText™ (NASDAQ/TSX:OTEX), a global leader in secure information management for AI in collaboration with Capgemini, an AI-powered global business and technology transformation company, and Sogeti (part of the Capgemini Group), today announced the 17th edition of the World Quality Report 2025: Adapting to Emerging Worlds. The report reveals that while nearly 90% of organizations are now actively pursuing generative AI (Gen AI) in their quality engineering (QE) practices, only 15% have achieved enterprise-scale deployment.

    11/13/25 11:45:00 AM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Leadership Updates

    Live Leadership Updates

    View All

    OpenText Appoints George Schindler to Board of Directors

    WATERLOO, ON, Oct. 6, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced the appointment of George Schindler to its board of directors. Mr. Schindler previously served as President and Chief Executive Officer of CGI Inc. ("CGI") from 2016 to 2024 and currently serves as a member of the board of directors of CGI. In his capacity as President and Chief Executive Officer, he led the development and implementation of CGI's profitable growth strategy to strengthen its market position as one of the world's leading global business and strategic IT consulting services firms.

    10/6/25 5:00:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText Appoints Steve Rai EVP, Chief Financial Officer

    WATERLOO, ON, Oct. 1, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), a global leader in secure information management for AI, today announced Steve Rai as Executive Vice President, Chief Financial Officer, effective October 6, 2025.  Mr. Rai brings over 30 years of global finance experience and a proven track record as a technology industry veteran. He has built a reputation for strong leadership, integrity, and deep operational expertise across both high-growth environments and established global enterprises. Mr. Rai most recently served as Chief Financ

    10/1/25 4:01:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText Announces Leadership Transition

    Appoints 25-Year OpenText Veteran James McGourlay as Interim Chief Executive Officer Board of Directors Establishes Executive Committee and Commences CEO Search Company to Continue to Explore Portfolio-Shaping Opportunities to Enhance Focus WATERLOO, ON, Aug. 11, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX) (TSX:OTEX) ("OpenText" or the "Company") today announced the appointment of James McGourlay, currently Executive Vice President, International Sales at OpenText, as Interim Chief Executive Officer, effective immediately. Mr. McGourlay has been with the Company for more than 25 years and has held senior roles in sales, customer operations, IT, technical support, product support

    8/11/25 7:00:00 AM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Financials

    Live finance-specific insights

    View All

    OpenText Reports First Quarter Fiscal Year 2026 Financial Results

    Total Revenues of $1.29B, 19 Consecutive Quarters of Cloud Organic Growth Delivers Net Income Margin of 11%, Robust Adjusted EBITDA Margin of 36.3% GAAP EPS of $0.58, Non-GAAP EPS of $1.05 Fiscal 2026 First Quarter Highlights (in millions)(1) Total Revenues Cloud Revenues Profitability EPS Cash Flows Net Income A-EBITDA GAAP Non-GAAP Operating Free Cash Flows $1,288 $485 $147 $467 $0.58 $1.05 $148 $101 +1.5% Y/Y +6.0% Y/Y 11.4% margin 36.3% margin +81.3% Y/Y +12.9% Y/Y +289.9% Y/Y +186.4% Y/Y WATERLOO, ON, Nov. 5, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced its financial results for the first quarter ended September 30, 2025.

    11/5/25 4:01:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText to Report First Quarter Fiscal Year 2026 Financial Results on Wed, November 5, 2025 and Host Conference Call on Thurs, November 6, 2025

    WATERLOO, ON, Oct. 8, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), announced today that financial results for its first quarter fiscal year 2026 will be released after the close of market Wednesday, November 5, 2025. The earnings call will be hosted the following morning by OpenText Executive Chair & Chief Strategy Officer Tom Jenkins, Interim Chief Executive Officer James McGourlay and Executive Vice President & Chief Financial Officer Steve Rai, with Cosmin Balota, Senior Vice President & Chief Accounting Officer. The webcast will be accessible via t

    10/8/25 5:28:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText to Strategically Divest Non-Core Unit for US$163 Million

    Transaction accelerates announced strategy of divesting non-core businesses WATERLOO, ON, Oct. 2, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), a global leader in secure information management for AI, today announced that it has reached a definitive agreement to divest an on-premise solution (eDOCS), a part of its Analytics portfolio, to NetDocuments, for US$163 million in cash. The business to be divested is part of OpenText's Analytics product group, primarily focused on automating the work of legal professionals, and contributed approximately $30 mil

    10/2/25 5:45:00 PM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    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