Deutsche Bank AG Has $17.52 Million Holdings in Open Text Corp (OTEX)

Deutsche Bank AG decreased its position in Open Text Corp (NASDAQ:OTEX) (TSE:OTC) by 42.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 491,368 shares of the software maker’s stock after selling 360,106 shares during the period. Deutsche Bank AG owned 0.18% of Open Text worth $17,524,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Quantitative Investment Management LLC purchased a new stake in Open Text in the 4th quarter valued at about $1,234,000. Roystone Capital Management LP increased its stake in Open Text by 18.5% in the 4th quarter. Roystone Capital Management LP now owns 1,302,500 shares of the software maker’s stock valued at $46,460,000 after buying an additional 203,500 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in Open Text in the 4th quarter valued at about $912,000. Scotia Capital Inc. increased its stake in Open Text by 20.6% in the 4th quarter. Scotia Capital Inc. now owns 230,107 shares of the software maker’s stock valued at $8,177,000 after buying an additional 39,300 shares during the last quarter. Finally, Snow Capital Management LP increased its stake in Open Text by 3.6% in the 4th quarter. Snow Capital Management LP now owns 849,255 shares of the software maker’s stock valued at $30,293,000 after buying an additional 29,517 shares during the last quarter. Hedge funds and other institutional investors own 70.73% of the company’s stock.

How to Become a New Pot Stock Millionaire

Several equities research analysts have commented on the stock. BidaskClub upgraded shares of Open Text from a “sell” rating to a “hold” rating in a research note on Thursday, March 15th. Zacks Investment Research upgraded shares of Open Text from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Wednesday, February 7th. Raymond James Financial increased their price objective on shares of Open Text from $40.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. National Bank Financial increased their price objective on shares of Open Text from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $46.00 price objective (up previously from $40.00) on shares of Open Text in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. Open Text has an average rating of “Buy” and an average price target of $44.18.

Open Text Corp (NASDAQ OTEX) opened at $34.24 on Monday. Open Text Corp has a 52-week low of $30.88 and a 52-week high of $40.31. The firm has a market cap of $9,101.30, a P/E ratio of 48.23 and a beta of 0.33. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.86 and a current ratio of 0.86.

Open Text (NASDAQ:OTEX) (TSE:OTC) last released its earnings results on Wednesday, January 31st. The software maker reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.13. Open Text had a net margin of 7.20% and a return on equity of 6.82%. The firm had revenue of $734.40 million during the quarter, compared to the consensus estimate of $688.59 million. During the same period in the prior year, the firm earned $0.54 EPS. The company’s revenue was up 35.3% compared to the same quarter last year. sell-side analysts anticipate that Open Text Corp will post 0.74 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd were given a dividend of $0.132 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Thursday, March 1st. Open Text’s dividend payout ratio is currently 74.65%.

TRADEMARK VIOLATION WARNING: “Deutsche Bank AG Has $17.52 Million Holdings in Open Text Corp (OTEX)” was originally published by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3301302/deutsche-bank-ag-has-17-52-million-holdings-in-open-text-corp-otex.html.

Open Text Company Profile

Open Text Corporation provides a platform and suite of software products and services that assist organizations in finding, utilizing, and sharing business information from any device. The Company designs, develops, markets and sells Enterprise Information Management (EIM) software and solutions. Its EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics.

Institutional Ownership by Quarter for Open Text (NASDAQ:OTEX)

Receive News & Ratings for Open Text Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Open Text and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Endologix  Stock Price Down 10.2%
Endologix Stock Price Down 10.2%
New Gold  Shares Gap Down to $2.49
New Gold Shares Gap Down to $2.49
InvestDigital  Price Hits $0.0556 on Exchanges
InvestDigital Price Hits $0.0556 on Exchanges
ICOBID  Price Hits $0.0013 on Exchanges
ICOBID Price Hits $0.0013 on Exchanges
SpaceChain  Market Cap Achieves $26.48 Million
SpaceChain Market Cap Achieves $26.48 Million
Patrick Industries, Inc.  Receives $75.25 Average Price Target from Analysts
Patrick Industries, Inc. Receives $75.25 Average Price Target from Analysts


© 2006-2018 Ticker Report. Google+.