Why One Fund Is Buying Open Text Stock Despite Its 30% Slide From Record Highs

Montreal-based Jarislowsky Fraser increased its position in Open Text Corporation (NASDAQ:OTEX) by 117,436 shares during the third quarter for an estimated $3.8 million trade, according to an SEC filing on Tuesday.According to a filing with the U.S. Securities and Exchange Commission released on Tuesday, Jarislowsky Fraser Ltd bought 117,436 additional shares of Open Text Corporation during the quarter. The estimated trade size was approximately $3.8 million based on the average share price for the quarter. After the transaction, the firm held nearly 21.2 million shares valued at $790.7 million as of September 30.The buying activity brought the Open Text Corporation position to 4.3% of the fund’s reportable AUM.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool