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

Dynatrace gets $697M 5% stake from Pictet

Pictet Asset Management says its Schedule 13D reflects a 5.0% stake in Dynatrace, bought for about $697.3M, with sole voting over 12.78M shares.

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

Rhea-AI Filing Summary

Dynatrace, Inc. (DT) is the subject of a Schedule 13D filed by Pictet Asset Management, which reports beneficial ownership of 14,464,343 shares of Dynatrace common stock, representing 5.0% of the class. Pictet has sole voting power over 12,784,696 shares and sole dispositive power over all 14,464,343 shares.

Pictet states it acquired the position on behalf of institutional clients it manages on a discretionary basis, at an aggregate purchase cost of approximately $697,268,915.11, using client assets without financing or borrowing. It describes the holding as part of its investment strategy and active engagement on governance and sustainability, while indicating it does not currently seek control of Dynatrace but may reassess its intentions over time.

Positive

  • None.

Negative

  • None.

Filing Explained

Client institutions, not Pictet itself, receive the reported shares’ dividends and sale proceeds; Pictet reports no related derivatives or agreements.

The transaction table shows Pictet’s reported 5.0% position was built through both purchases and sales dated July 6, 2026 through September 1, 2026, making the disclosure a current ownership position with a documented trading history.

The shares are client assets: institutional clients receive dividends and sale proceeds proportionally, while Pictet reports only management and/or performance-based compensation rather than a direct economic interest.

Pictet also reports no derivatives, options, other related financial instruments, or third-party agreements affecting voting or disposition beyond its discretionary investment authority.

Shares beneficially owned 14,464,343 shares Pictet Asset Management SA’s managed position in Dynatrace, Inc.
Percent of class 5.0% Portion of Dynatrace common stock represented by 14,464,343 shares
Sole Voting Power 12,784,696 shares Shares over which Pictet Asset Management has sole voting authority
Sole Dispositive Power 14,464,343 shares Shares over which Pictet Asset Management can alone decide disposition
Aggregate purchase cost $697,268,915.11 Approximate cost of acquiring Dynatrace shares on behalf of institutional clients
Example trade size 218,619 shares Buy trade on September 1, 2026 at $53.12 on the New York Stock Exchange
Example trade price $50.68 per share Large buy trade of 224,242 shares on August 25, 2026
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 14,464,343.00"
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"
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 14,464,343.00"
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"
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.
investment adviser financial
"(c) | Investment Adviser"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.

FAQ

How much of Dynatrace, Inc. (DT) does Pictet Asset Management report owning?
Pictet Asset Management reports beneficial ownership of 14,464,343 shares of Dynatrace, Inc. common stock, representing 5.0% of the outstanding class. It holds sole voting power over 12,784,696 of those shares and sole dispositive power over the full 14,464,343-share position.

What is the value Pictet Asset Management paid for its DT stake?
Pictet Asset Management states that the purchase cost for its Dynatrace, Inc. position is approximately $697,268,915.11. The shares were acquired on behalf of institutional clients using their assets, and the filing notes that no financing or borrowing was involved.

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

How does Pictet Asset Management exercise voting and dispositive power over DT shares?
Pictet Asset Management reports sole voting power over 12,784,696 shares and sole dispositive power over 14,464,343 shares of Dynatrace, Inc., held in accounts of its institutional clients that it manages on a discretionary basis.

Does Pictet Asset Management use derivatives or special agreements for its DT exposure?
The filing states that Pictet Asset Management’s exposure to Dynatrace, Inc. is solely through direct stock investments held for institutional clients. It reports no derivatives, options, or other financial instruments and no special contracts or understandings beyond ordinary discretionary asset management.

What is Pictet Asset Management’s stated purpose for its investment in Dynatrace, Inc. (DT)?
Pictet Asset Management describes the DT investment as part of its investment strategy and active engagement, focusing on the issuer’s long-term strategy, governance quality, financial strength, valuation, and financially material sustainability risks and opportunities, and indicates ongoing dialogue with Dynatrace’s board and management.

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)
09/01/2026
(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:Karine VALTANEN Global Head of Compliance
Date:09/02/2026

Source: View Original Filing on SEC EDGAR