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  4. [SCHEDULE 13D] Dynatrace, Inc. Major Shareholder Acquisition (>5%)

Pictet reports 5.0% Dynatrace stake, $703M

Pictet Asset Management reports a 5.04% beneficial stake in Dynatrace, held for institutional clients with active engagement but no current intent to seek control.

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

Rhea-AI Filing Summary

Dynatrace, Inc. (DT) received a Schedule 13D filing reporting that Pictet Asset Management, an investment adviser organized in Switzerland, is the beneficial owner of 14,564,509 shares of Dynatrace common stock, representing 5.04% of the outstanding shares as of the reporting date.

Pictet Asset Management reports sole voting power over 12,773,058 shares and sole dispositive power over all 14,564,509 shares, held on a discretionary basis for institutional clients. The shares were acquired for approximately $703.2 million, funded entirely from client assets without financing or borrowing. Pictet describes the position as part of its broader engagement-focused investment strategy, states it has no current plans to seek control of Dynatrace, but reserves the right to change its intentions based on ongoing evaluation and engagement with Dynatrace’s management and board.

Positive

  • None.

Negative

  • None.

Filing Explained

Pictet’s disclosed economic interest is limited to management-related compensation, not Dynatrace’s stock dividends or sale proceeds.

The filing states that Pictet’s reported exposure is solely through direct stock held for institutional clients, and reports no derivatives or other third-party arrangements beyond ordinary discretionary management.

The clients, rather than Pictet itself, are entitled to dividends and sale proceeds in proportion to their managed assets; Pictet says its own economic entitlement is management and/or performance-based compensation.

Shares beneficially owned 14,564,509 shares Dynatrace common stock managed by Pictet Asset Management SA for institutional clients
Percent of class 5.04% Portion of Dynatrace common stock represented by Pictet Asset Management SA’s position
Sole voting power 12,773,058 shares Dynatrace shares over which Pictet Asset Management SA has sole power to vote
Purchase cost $703,176,359.14 Approximate aggregate cost of Dynatrace common shares acquired for institutional clients
Event date September 15, 2026 Date of the event requiring the Schedule 13D filing
Citizenship or organization Switzerland Place of organization of Pictet Asset Management
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 14,564,509.00"
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: Sole Voting Power 12,773,058.00"
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 14,564,509.00"
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 ... 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.
institutional clients financial
"acquired the shares of common stock ... on behalf of its institutional clients"
Large professional organizations that manage and invest other people’s money—such as pension funds, mutual funds, insurance companies, hedge funds and endowments. They matter to investors because their trades move large amounts of capital, shaping prices and market trends, affecting liquidity and access to investment opportunities; think of them as fleets of trucks whose movements shift traffic more than individual cars.

FAQ

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

What stake in Dynatrace (DT) does Pictet Asset Management report on this Schedule 13D?
Pictet Asset Management reports beneficial ownership of 14,564,509 Dynatrace common shares, representing 5.04% of the company’s outstanding common stock. These shares are managed on a discretionary basis for its institutional clients.

How much did Pictet Asset Management pay for its Dynatrace (DT) position?
Pictet Asset Management states that the purchase cost of its Dynatrace common stock position is approximately $703,176,359.14. The funds came from its institutional clients’ assets and did not involve any financing or borrowing.

What voting and dispositive power does Pictet Asset Management have over Dynatrace (DT) shares?
Pictet Asset Management reports sole voting power over 12,773,058 shares and sole dispositive power over 14,564,509 shares of Dynatrace common stock. It reports no shared voting or dispositive power over these securities.

Does Pictet Asset Management seek control of Dynatrace (DT)?
Pictet Asset Management states it does not currently have plans or proposals to change control of Dynatrace and does not intend to acquire additional shares for the purpose of gaining control, while reserving the right to change its intentions in the future.

Are the Dynatrace (DT) shares owned by Pictet Asset Management or its clients?
The shares are held for institutional clients whose assets Pictet Asset Management manages on a discretionary basis. Clients are entitled to dividends and sale proceeds; Pictet’s economic interest is limited to management and performance fees.

Does Pictet Asset Management hold any derivatives on Dynatrace (DT)?
Pictet Asset Management states it has no derivative positions, options, or other financial instruments related to Dynatrace securities. Its exposure is solely through direct stock investments held for managed institutional clients.

What engagement does Pictet Asset Management plan with Dynatrace (DT)?
Pictet Asset Management describes an active engagement approach, stating it is engaging with Dynatrace to discuss and promote initiatives on long-term strategy, governance, financial strength, valuation, and financially material sustainability risks and opportunities.

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

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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)
09/15/2026
(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:09/16/2026

Source: View Original Filing on SEC EDGAR

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