Dynatrace adviser reports managing 14.3M shares

Pictet says it is engaging with Dynatrace and has no current plans or proposals that would result in a change in control.

Rhea-AI Filing Summary

Dynatrace, Inc. (DT) is the issuer in an amended ownership report from Pictet Asset Management, an investment adviser that manages 14,316,387 common shares for institutional clients. Pictet reports sole voting power over 12,530,906 shares and sole dispositive power over 14,316,387. The reported purchase cost was approximately USD 690,003,167.51, funded from client assets without financing or borrowing.

The reported trades include both purchases and sales from July 24, 2026, through September 24, 2026, including 282,738 shares bought at $50.61 on August 13 and 143,034 shares sold at $58.88 on September 24. Pictet says it is actively engaging with Dynatrace on business practices and has no current plans or proposals that would result in a change in control, while reserving the right to change its intentions.

Filing Explained

The filing clarifies that dividends and sale proceeds from the shares go to Pictet’s institutional clients in proportion to their managed assets; Pictet itself has no direct economic interest beyond agreed management or performance-based compensation.

Key Figures

Beneficially owned: 14,316,387 shares Sole voting power: 12,530,906 shares Sole dispositive power: 14,316,387 shares +3 more

6 metrics

Beneficially owned 14,316,387 shares Dynatrace common stock managed for institutional clients

Sole voting power 12,530,906 shares Reported voting authority

Sole dispositive power 14,316,387 shares Reported disposition authority

Purchase cost Approximately USD 690,003,167.51 Reported cost of acquired shares

Purchase transaction 282,738 shares at $50.61 August 13, 2026

Sale transaction 143,034 shares at $58.88 September 24, 2026

Key Terms

Sole Voting Power, Sole Dispositive Power, discretionary basis

3 terms

Sole Voting Power financial

"Sole Voting Power 12,530,906.00"

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

"Sole Dispositive Power 14,316,387.00"

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

"managed on a discretionary basis"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many DT shares does Pictet Asset Management report managing?

Pictet Asset Management reports managing 14,316,387 shares of Dynatrace common stock for institutional clients. It reports sole voting power over 12,530,906 shares and sole dispositive power over 14,316,387 shares.

Does Pictet Asset Management plan to seek control of DT?

Pictet says it has no current plans or proposals that would result in a change in control and does not intend to acquire additional shares for that purpose. It also says it is actively engaging with Dynatrace on business practices and reserves the right to change its intentions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/25/2026 - 09:56 AM Accepted by SEC EDGAR 09/25/2026 - 09:55 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

Dynatrace, Inc.

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

268150109

(CUSIP Number)

Mathieu Cornu
60 ROUTE DE ACACIAS,
GENEVA 73, V8, 1211
0041583234506

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/24/2026

(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

CUSIP Number(s): 268150109

1

Name of reporting person

PICTET ASSET MANAGEMENT SA

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

SWITZERLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 12,530,906.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 14,316,387.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

14,316,387.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.9 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: COMMON STOCK
(b)	Name of Issuer: Dynatrace, Inc.
(c)	Address of Issuer's Principal Executive Offices: 280 CONGRESS STREET, 280 CONGRESS STREET, BOSTON, MASSACHUSETTS , 02210.
Item 2.	Identity and Background
(a)	Pictet Asset Management SA
(b)	60 ROUTE DES ACACIAS GENEVA 73 1211 SWITZERLAND
(c)	Investment Adviser
(d)	The Reporting Person has not been, during the last five years, convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	The Reporting Person has not been, during the last five years, a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding of any violation with respect to such laws.
(f)	SWITZERLAND
Item 3.	Source and Amount of Funds or Other Consideration
	The Reporting Person acquired the shares of common stock of Dynatrace Inc on behalf of its institutional clients who are managed on a discretionary basis. The purchase cost is approximately USD 690,003,167.51. The source of the funds comes from our institutional clients' assets The funds used for the acquisition did not involve any financing or borrowing.
Item 4.	Purpose of Transaction
	The Reporting Person acquired shares of Dynatrace Inc as part of its investment strategy, which includes considering the clarity and robustness of the issuer's long-term strategy; the functioning and calibre of governance structures and effective leadership; the financial strength and performance of issuers and the fair valuation of underlying securities; and financially-material sustainability risks & opportunities. The Reporting Person is therefore actively engaging with the Issuer to discuss and promote initiatives that align with these business practices. This engagement is part of the Reporting Person's broader strategy to support companies in enhancing their approach, thereby potentially improving long-term shareholder value. As such, the Reporting Person may seek to influence the Issuer's policies and practices through discussions with the Boards and management of the companies in which we invest. The Reporting Person does not currently have any plans or proposals that would result in a change in control of the Issuer, nor does it intend to acquire additional shares for the purpose of gaining control. However, the Reporting Person reserves the right to change its intentions and take any actions that it deems appropriate in light of its ongoing engagement and evaluation of the Issuer's policies and practices.
Item 5.	Interest in Securities of the Issuer
(a)	Pictet Asset Management SA manages 14,316,387 shares of Dynatrace Inc., which represents 4.95% of the total number of shares.
(b)	Pictet Asset Management SA has the Sole power to vote on 12,530,906 shares out of the 14,316,387 shares under management.
(c)	Trade Date Type Quantity Price Exchange 09/24/2026 SELL 669 58.57 NYSE 09/24/2026 SELL 20277 58.88 NYSE 09/24/2026 SELL 111693 58.57 NYSE 09/24/2026 SELL 143034 58.88 NYSE 09/24/2026 SELL 856 58.88 NYSE 09/23/2026 SELL 1206 58.12 NYSE 09/23/2026 SELL 508 58.22 NYSE 09/22/2026 SELL 373 57.06 NYSE 09/22/2026 SELL 1067 56.15 NYSE 09/22/2026 SELL 4643 55.85 NYSE 09/21/2026 SELL 642 55.63 NYSE 09/21/2026 SELL 766 56.35 NYSE 09/21/2026 SELL 1793 55.63 NYSE 09/18/2026 SELL 381 55.14 NYSE 09/18/2026 BUY 11511 55.09 NYSE 09/18/2026 SELL 875 55.14 NYSE 09/17/2026 BUY 29150 55.14 NYSE 09/15/2026 BUY 36222 53.73 NYSE 09/15/2026 BUY 12282 53.73 NYSE 09/15/2026 BUY 1590 53.73 NYSE 09/15/2026 BUY 4103 53.87 NYSE 09/15/2026 BUY 10532 53.32 NYSE 09/15/2026 BUY 41 55.17 NYSE 09/15/2026 BUY 9588 53.87 NYSE 09/15/2026 BUY 196 53.32 NYSE 09/15/2026 SELL 9887 52.77 NYSE 09/15/2026 BUY 85533 53.73 NYSE 09/15/2026 BUY 4459 53.32 NYSE 09/14/2026 SELL 1248 53.34 NYSE 09/11/2026 SELL 945 51.23 NYSE 09/11/2026 BUY 543 51.07 NYSE 09/10/2026 SELL 948 50.33 NYSE 09/09/2026 SELL 3688 50.31 NYSE 09/09/2026 SELL 9741 50.60 NYSE 09/08/2026 BUY 205 50.29 NYSE 09/08/2026 SELL 927 50.55 NYSE 09/08/2026 SELL 493 51.23 NYSE 09/08/2026 BUY 52440 50.29 NYSE 09/08/2026 SELL 72588 50.47 NYSE 09/08/2026 SELL 7860 50.67 NYSE 09/04/2026 BUY 107 52.40 NYSE 09/04/2026 SELL 1102 52.37 NYSE 09/03/2026 SELL 9777 52.76 NYSE 09/03/2026 BUY 1529 52.76 NYSE 09/01/2026 BUY 392 53.54 NYSE 09/01/2026 SELL 832 53.86 NYSE 09/01/2026 BUY 14149 53.09 NYSE 09/01/2026 BUY 21874 53.12 NYSE 09/01/2026 BUY 2306 53.08 NYSE 09/01/2026 BUY 218619 53.12 NYSE 09/01/2026 BUY 5997 52.88 NYSE 09/01/2026 BUY 898 53.12 NYSE 09/01/2026 BUY 6398 53.54 NYSE 09/01/2026 BUY 14951 52.86 NYSE 09/01/2026 BUY 5355 53.08 NYSE 08/31/2026 BUY 83291 54.22 NYSE 08/31/2026 BUY 14132 54.22 NYSE 08/31/2026 BUY 10057 53.88 NYSE 08/31/2026 BUY 556 54.59 NYSE 08/31/2026 BUY 504 54.59 NYSE 08/31/2026 BUY 131 54.59 NYSE 08/28/2026 BUY 407 53.67 NYSE 08/28/2026 BUY 1151 53.67 NYSE 08/26/2026 BUY 1140 50.07 NYSE 08/25/2026 BUY 3989 50.70 NYSE 08/25/2026 BUY 224242 50.68 NYSE 08/25/2026 BUY 230 50.45 NYSE 08/25/2026 BUY 805 50.70 NYSE 08/25/2026 BUY 5095 50.70 NYSE 08/25/2026 BUY 199 50.47 NYSE 08/25/2026 BUY 51249 50.45 NYSE 08/25/2026 BUY 1229 50.47 NYSE 08/25/2026 BUY 376 50.47 NYSE 08/25/2026 BUY 18495 50.70 NYSE 08/25/2026 BUY 9246 50.70 NYSE 08/25/2026 BUY 4506 50.45 NYSE 08/21/2026 SELL 7510 48.92 NYSE 08/21/2026 BUY 71299 48.96 NYSE 08/20/2026 SELL 21 49.18 NYSE 08/19/2026 SELL 3313 49.28 NYSE 08/18/2026 BUY 25691 48.00 NYSE 08/18/2026 BUY 157 49.26 NYSE 08/17/2026 SELL 14106 47.57 NYSE 08/17/2026 SELL 32130 47.61 NYSE 08/14/2026 BUY 89891 50.48 NYSE 08/14/2026 BUY 26053 50.48 NYSE 08/13/2026 BUY 282738 50.61 NYSE 08/13/2026 BUY 2513 50.61 NYSE 08/13/2026 SELL 790 50.75 NYSE 08/12/2026 SELL 1430 49.56 NYSE 08/12/2026 BUY 548 49.46 NYSE 08/10/2026 BUY 12854 50.06 NYSE 08/10/2026 SELL 11652 50.57 NYSE 08/10/2026 BUY 91844 50.06 NYSE 08/06/2026 SELL 411 48.87 NYSE 08/06/2026 SELL 18643 49.52 NYSE 08/05/2026 SELL 1269 50.86 NYSE 08/05/2026 BUY 910 52.60 NYSE 08/05/2026 BUY 160861 52.11 NYSE 08/05/2026 SELL 14760 52.27 NYSE 08/03/2026 BUY 1293 44.84 NYSE 07/31/2026 SELL 176 44.32 NYSE 07/31/2026 BUY 976 44.32 NYSE 07/30/2026 BUY 149 43.88 NYSE 07/30/2026 BUY 3385 44.10 NYSE 07/29/2026 BUY 2020 44.14 NYSE 07/29/2026 BUY 986 43.90 NYSE 07/29/2026 SELL 272 43.88 NYSE 07/28/2026 BUY 8793 44.13 NYSE 07/28/2026 SELL 11714 43.90 NYSE 07/28/2026 BUY 43273 44.54 NYSE 07/28/2026 BUY 3708 43.99 NYSE 07/28/2026 SELL 16015 44.11 NYSE 07/28/2026 BUY 1386 43.68 NYSE 07/28/2026 BUY 1236 43.99 NYSE 07/28/2026 BUY 31240 43.68 NYSE 07/24/2026 SELL 1119 41.62 NYSE
(d)	The securities reported herein come from the assets of our institutional clients who are managed by the Reporting Person on a discretionary basis. Consequently, our clients have the right to receive dividends and any proceeds from the sale of the Issuer's securities, in proportion to their respective managed assets. The Reporting Person itself does not have any direct economic interest in the dividends or sale proceeds from the securities of Dynatrace Inc, other than its entitlement to management fees and / or performance-based compensation, as agreed upon with its clients. The Reporting Person's role is limited to managing the investments in accordance with the investment objectives and strategies set forth by each of its institutional clients.
(e)	Not applicable
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	The Reporting Person's exposure to Dynatrace Inc is solely through direct stock investments held by its managed institutional clients. There are no contracts, arrangements, understandings, or relationships with any third parties regarding the securities of Dynatrace Inc, other than those arising from the ordinary course of discretionary management of our client assets. The Reporting Person does not have any derivative positions, options, or other financial instruments related to the securities of the Issuer. Furthermore, there are no agreements or understandings that would influence the voting or disposition of these securities beyond the Reporting Person's discretionary investment authority as an asset manager.
Item 7.	Material to be Filed as Exhibits.
	N/A

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.

PICTET ASSET MANAGEMENT SA

Signature:	Karine Valtanen
Name/Title:	Global Head of Compliance
Date:	09/25/2026