“There is potential for a strategic sale down the road,” Robbins said during a presentation at 13D Monitor’s Active-Passive Investor Summit, adding that there has been significant consolidation in the software sector.
Open Text shares rose 4 percent to $35.95 on Tuesday.
Robbins said that a company sale is “always possible in the software space.”
“I think the return opportunity is significantly higher than this,” referring to where Open Text shares were trading.
Blue Harbour owns a 3.49 percent stake in Open Text, according to Thomson Reuters data.
An Open Text spokeswoman declined to comment.