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  4. [SCHEDULE 13D/A] Dynatrace, Inc. Amended Major Shareholder Report

Pictet reports $696M 4.9% stake in Dynatrace

Pictet Asset Management reports a 4.9% client-managed stake in Dynatrace with an engagement-focused, non-control investment approach.

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

Rhea-AI Filing Summary

Dynatrace, Inc. (DT) is the subject of an amended Schedule 13D in which Pictet Asset Management reports beneficial ownership of 14,425,877 shares of common stock, representing 4.9% of the company. Pictet manages these shares on a discretionary basis for institutional clients, with sole voting power over 12,728,640 shares.

Pictet states that the aggregate purchase cost of the position is approximately $696.8 million, funded entirely from client assets and without borrowing. It describes an active engagement approach focused on strategy, governance, financial strength and financially material sustainability risks, but indicates no current plans to change control of Dynatrace, while reserving the right to adjust its intentions in the future. Pictet also discloses that it holds no derivatives or options related to Dynatrace and that clients, not Pictet, have the economic rights to dividends and sale proceeds.

Positive

  • None.

Negative

  • None.

Filing Explained

Pictet reports 4.99% ownership and sole voting power over 12,728,640 shares, with no current plan to change Dynatrace control.

Pictet Asset Management reports managing 14,425,877 Dynatrace shares, or 4.99% of the class, with sole voting power over 12,728,640 shares. It says it has no current proposal to change control, so the filing documents a substantial voting position and ongoing engagement rather than a disclosed control transaction.

Schedules 13D and 13G disclose ownership above 5%; this filing reports 4.99%. The amendment lists purchases and sales from July 9, 2026 through September 8, 2026, including a September 8 sale of 72,588 shares, while the reported aggregate holding is 14,425,877 shares.

Pictet says the shares belong economically to its institutional clients, who receive dividends and sale proceeds. It reports no derivatives, options, or other related financial instruments, and says the purchase cost was approximately the disclosed amount funded from client assets without borrowing.

Pictet reserves the right to change its intentions or take other actions as its engagement continues. A later amendment would be the relevant filing path if its reported stake or intentions change.

Beneficially owned shares 14,425,877 shares Dynatrace common stock managed by Pictet Asset Management
Percent of class 4.9% Portion of Dynatrace common stock represented by Pictet’s managed position
Sole Voting Power 12,728,640 shares Shares for which Pictet Asset Management can vote unilaterally
Aggregate purchase cost $696,766,716.75 Approximate total cost of Dynatrace shares acquired for institutional clients
Sole Dispositive Power 14,425,877 shares Shares over which Pictet Asset Management has sole power to dispose
Latest event date September 8, 2026 Date of the event requiring this amended Schedule 13D filing
Citizenship / organization Switzerland Jurisdiction of Pictet Asset Management as reporting person
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 14,425,877.00"
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 12,728,640.00"
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 14,425,877.00"
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"
financially-material sustainability risks & opportunities financial
"and financially-material sustainability risks & opportunities"
change in control regulatory
"does not currently have any plans or proposals that would result in a change in control of the Issuer"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

FAQ

What percentage of Dynatrace (DT) shares does Pictet Asset Management report owning?
Pictet Asset Management reports managing 14,425,877 Dynatrace shares, representing 4.9% of the company’s common stock. This stake is held for institutional clients on a discretionary basis rather than for Pictet’s own account.

How much did Pictet Asset Management pay for its Dynatrace (DT) position?
Pictet Asset Management states the aggregate purchase cost of its Dynatrace common stock position is approximately $696,766,716.75, funded entirely from the assets of its institutional clients and without any financing or borrowing.

Who has voting and economic rights over the Dynatrace (DT) shares managed by Pictet?
Pictet Asset Management has sole voting power over 12,728,640 shares and sole dispositive power over 14,425,877 shares. The underlying institutional clients retain the economic rights to dividends and sale proceeds, while Pictet earns agreed management and/or performance fees.

Does Pictet plan to take control of Dynatrace (DT) or increase its stake for that purpose?
Pictet Asset Management states it does not currently have plans or proposals that would result in a change in control of Dynatrace and does not intend to acquire additional shares for that purpose, though it reserves the right to change its intentions.

What is Pictet Asset Management’s investment and engagement approach toward Dynatrace (DT)?
Pictet describes acquiring Dynatrace shares as part of an investment strategy that considers long-term strategy, governance quality, financial strength, valuation, and financially material sustainability risks and opportunities. It is actively engaging with Dynatrace’s leadership to promote initiatives aligned with these practices.

Does Pictet Asset Management hold any derivatives or options on Dynatrace (DT)?
Pictet Asset Management discloses that it does not have any derivative positions, options, or other financial instruments related to Dynatrace securities. Its exposure is solely through direct stock investments held for its managed institutional clients.

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

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268150109
(CUSIP Number)
Mathieu Cornu
Rte des Acacias 66,
Geneva, V8, 1211
0041583234506
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
09/08/2026
(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:09/09/2026

Source: View Original Filing on SEC EDGAR

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