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Pictet Asset Management (NYSE: DT) discloses 4.51% Dynatrace stake for clients

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Pictet Asset Management filed an amended Schedule 13D reporting beneficial ownership of 13,438,345 shares of Dynatrace, Inc. common stock, representing 4.51% of the company. These shares are held for institutional clients managed on a discretionary basis, with no borrowing or financing used.

Pictet has sole voting power over 11,964,352 shares and sole dispositive power over all 13,438,345 shares. The position cost is approximately USD 656,487,212. Recent trading from March to May 2026 shows both buys and sells on the New York Stock Exchange around the mid-$30 to low-$40 range.

Pictet states it invests as part of its broader engagement-focused strategy, actively discussing governance, strategy and sustainability with Dynatrace but without current plans to seek control. It reserves the right to change its intentions based on ongoing evaluation.

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Insights

Pictet holds a 4.51% client stake in Dynatrace with active, non‑control engagement.

Pictet Asset Management reports managing 13,438,345 Dynatrace shares, or 4.51% of the company, for institutional clients. It has sole voting power on most of these shares and full dispositive power, giving it meaningful but non-controlling influence in shareholder decisions.

The filing emphasizes an engagement-led strategy focused on long-term strategy, governance quality, financial strength and sustainability factors. Pictet explicitly disclaims any current plan to change control or acquire shares for control purposes, while reserving flexibility to adjust its stance as it evaluates Dynatrace’s policies and practices.

Recent trades between March 2026 and May 2026 show active portfolio management with both purchases and sales around the mid-$30 to low-$40 price range per share. Actual impact on Dynatrace will depend on how Pictet uses its voting and engagement in future corporate decisions.

Beneficial ownership 13,438,345 shares Pictet Asset Management SA position in Dynatrace common stock
Ownership percentage 4.51% of class Shares of Dynatrace common stock managed for clients
Sole voting power 11,964,352 shares Shares over which Pictet has sole voting authority
Sole dispositive power 13,438,345 shares Shares over which Pictet can decide to sell or hold
Purchase cost $656,487,212 Approximate total cost of Dynatrace shares acquired for clients
Largest single reported sale 1,412,012 shares at $34.29 Sale on 13.05.2026 on New York Stock Exchange
Example recent purchase 25,131 shares at $38.97 Buy on 05.05.2026 on New York Stock Exchange
Event date 05/13/2026 Date of event requiring amended Schedule 13D filing
beneficially owned financial
"Number of Shares Beneficially Owned by Each Reporting Person With:"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: | 7 | Sole Voting Power 11,964,352.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Sole Dispositive Power financial
"9 | Sole Dispositive Power 13,438,345.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
discretionary basis financial
"acquired the shares of common stock of Dynatrace Inc on behalf of its institutional clients who are managed on a discretionary basis."
Schedule 13D regulatory
"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
derivative positions financial
"The Reporting Person does not have any derivative positions, options, or other financial instruments related to the securities of the Issuer."
Derivative positions are contracts that derive their value from an underlying asset—such as a stock, bond, currency or commodity—and include instruments like options, futures and swaps. Think of them as bets or insurance tied to an asset’s future price: they let investors amplify returns, hedge risk or take exposure without owning the asset directly, which can meaningfully increase potential gains, losses and volatility in a portfolio.



268150109
(CUSIP Number)
Mathieu Cornu
Route des Acacias 60,
Geneva, V8, 1211
0041583234506
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
05/13/2026
(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on 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 the Notes).


schemaVersion:


SCHEDULE 13D






SCHEDULE 13D


PICTET ASSET MANAGEMENT SA
Signature:Karine VALTANEN
Name/Title:Global Head Of Compliance
Date:05/15/2026

Source: View Original Filing on SEC EDGAR

FAQ

How much of Dynatrace (DT) does Pictet Asset Management currently own?

Pictet Asset Management reports beneficial ownership of 13,438,345 Dynatrace shares, equal to 4.51% of the company’s common stock. These shares are managed on a discretionary basis for institutional clients, giving Pictet meaningful but non-controlling influence through voting and disposition powers.

What is the value and funding source of Pictet’s Dynatrace (DT) position?

The Dynatrace position cost approximately USD 656,487,212, according to the filing. Pictet states the funds came from institutional clients’ assets it manages, with no borrowing or external financing, and that Pictet’s economic interest is limited to agreed management and performance fees.

What voting and dispositive power does Pictet have over Dynatrace (DT) shares?

Pictet has sole voting power over 11,964,352 Dynatrace shares and sole dispositive power over 13,438,345 shares. This means Pictet can vote most shares and decide when to sell or hold all shares, while clients retain economic rights like dividends and sale proceeds.

Is Pictet Asset Management seeking control of Dynatrace (DT)?

Pictet states it does not currently plan any actions that would change control of Dynatrace and is not acquiring shares for that purpose. Its stated intent is engagement on strategy, governance and sustainability, though it reserves the right to change intentions based on future evaluations.

What is Pictet’s investment and engagement strategy with Dynatrace (DT)?

Pictet says it invests as part of an approach that evaluates long-term strategy, governance quality, financial strength, valuation and sustainability risks and opportunities. It is actively engaging with Dynatrace’s board and management to promote practices it believes can support improved long-term shareholder value.

What recent trading in Dynatrace (DT) does Pictet report in this filing?

The filing lists numerous Dynatrace trades between late March and mid-May 2026 on the New York Stock Exchange, with both buys and sells. Reported transaction prices range roughly from the low-$30s to low-$40s per share, reflecting ongoing active portfolio management of the position.