<SEC-DOCUMENT>0001361570-26-000001.txt : 20260116
<SEC-HEADER>0001361570-26-000001.hdr.sgml : 20260116
<ACCEPTANCE-DATETIME>20260116110602
ACCESSION NUMBER:		0001361570-26-000001
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20260116
DATE AS OF CHANGE:		20260116

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Dynatrace, Inc.
		CENTRAL INDEX KEY:			0001773383
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		ORGANIZATION NAME:           	06 Technology
		EIN:				472386428
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-91393
		FILM NUMBER:		26538134

	BUSINESS ADDRESS:	
		STREET 1:		280 CONGRESS STREET
		STREET 2:		11TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02210
		BUSINESS PHONE:		781-530-1000

	MAIL ADDRESS:	
		STREET 1:		280 CONGRESS STREET
		STREET 2:		11TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02210

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Dynatrace Holdings LLC
		DATE OF NAME CHANGE:	20190410

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PICTET ASSET MANAGEMENT SA
		CENTRAL INDEX KEY:			0001361570
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			V8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D

	BUSINESS ADDRESS:	
		STREET 1:		60 ROUTE DE ACACIAS
		CITY:			GENEVA 73
		STATE:			V8
		ZIP:			1211
		BUSINESS PHONE:		011 44 207 847 5040

	MAIL ADDRESS:	
		STREET 1:		60 ROUTE DE ACACIAS
		CITY:			GENEVA 73
		STATE:			V8
		ZIP:			1211
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13D</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001361570</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>COMMON STOCK</securitiesClassTitle>
      <dateOfEvent>01/15/2026</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001773383</issuerCIK>
        <issuerCUSIP>268150109</issuerCUSIP>
        <issuerName>Dynatrace, Inc.</issuerName>
        <address>
          <com:street1>1601 TRAPELO ROAD</com:street1>
          <com:street2>SUITE 116</com:street2>
          <com:city>WALTHAM</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>02451</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Mathieu Cornu</personName>
          <personPhoneNum>0041583234506</personPhoneNum>
          <personAddress>
            <com:street1>Route des Acacias 60</com:street1>
            <com:city>Geneva</com:city>
            <com:stateOrCountry>V8</com:stateOrCountry>
            <com:zipCode>1211</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0001361570</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>PICTET ASSET MANAGEMENT SA</reportingPersonName>
        <fundType>WC</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>V8</citizenshipOrOrganization>
        <soleVotingPower>12431141.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>15505360.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>15505360.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>5.1</percentOfClass>
        <typeOfReportingPerson>IA</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>COMMON STOCK</securityTitle>
        <issuerName>Dynatrace, Inc.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>1601 TRAPELO ROAD</com:street1>
          <com:street2>SUITE 116</com:street2>
          <com:city>WALTHAM</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>02451</com:zipCode>
        </issuerPrincipalAddress>
      </item1>
      <item2>
        <filingPersonName>Pictet Asset Management SA
</filingPersonName>
        <principalBusinessAddress>60 ROUTE DES ACACIAS
GENEVA 73 1211
SWITZERLAND
</principalBusinessAddress>
        <principalJob>Investment Adviser
</principalJob>
        <hasBeenConvicted>The Reporting Person has not been, during the last five years, convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
</hasBeenConvicted>
        <convictionDescription>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.
</convictionDescription>
        <citizenship>SWITZERLAND
</citizenship>
      </item2>
      <item3>
        <fundsSource>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 788,990,022. The source of the funds comes from our institutional clients' assets

The funds used for the acquisition did not involve any financing or borrowing.
</fundsSource>
      </item3>
      <item4>
        <transactionPurpose>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 &amp; 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.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>Pictet Asset Management SA manages 15,505,360 shares of Dynatrace Inc., which represents 5.1% of the total number of shares.
</percentageOfClassSecurities>
        <numberOfShares>Pictet Asset Management SA has the Sole power to vote on 12,431,141 shares out of the 15,505,360 shares under management.
</numberOfShares>
        <transactionDesc>In the past sixty days, the following transactions have been done:

Date                 Type Quantity   Price        Exchange
15.01.2026	BUY	252		39.38	New York Stock Exchange
15.01.2026	SELL	1270	40.28	New York Stock Exchange
15.01.2026	SELL	190		40.28	New York Stock Exchange
15.01.2026	BUY	912		39.65	New York Stock Exchange
15.01.2026	BUY	100203	39.65	New York Stock Exchange
15.01.2026	BUY	382		39.68	New York Stock Exchange
15.01.2026	BUY	19718	39.68	New York Stock Exchange
15.01.2026	BUY	392		40.27	New York Stock Exchange
15.01.2026	BUY	21300	40.27	New York Stock Exchange
15.01.2026	BUY	2198	40.32	New York Stock Exchange
15.01.2026	BUY	295132	40.32	New York Stock Exchange
15.01.2026	BUY	1076	39.98	New York Stock Exchange
15.01.2026	BUY	125039	39.98	New York Stock Exchange
13.01.2026	SELL	822		41.61	New York Stock Exchange
13.01.2026	BUY	75798	41.52	New York Stock Exchange
12.01.2026	SELL	866		42.30	New York Stock Exchange
07.01.2026	BUY	232587	43.62	New York Stock Exchange
06.01.2026	SELL	225		42.71	New York Stock Exchange
06.01.2026	SELL	18665	42.47	New York Stock Exchange
05.01.2026	BUY	3040	42.79	New York Stock Exchange
05.01.2026	BUY	836		42.63	New York Stock Exchange
31.12.2025	SELL	9728	43.70	New York Stock Exchange
30.12.2025	SELL	1313	44.10	New York Stock Exchange
23.12.2025	BUY	1593	44.06	New York Stock Exchange
23.12.2025	SELL	15735	44.24	New York Stock Exchange
23.12.2025	SELL	428		44.41	New York Stock Exchange
23.12.2025	SELL	1081	44.41	New York Stock Exchange
23.12.2025	BUY	1192	44.41	New York Stock Exchange
22.12.2025	BUY	3089	44.43	New York Stock Exchange
22.12.2025	BUY	147		44.60	New York Stock Exchange
19.12.2025	SELL	104		44.18	New York Stock Exchange
19.12.2025	SELL	750		44.18	New York Stock Exchange
19.12.2025	SELL	5844	44.23	New York Stock Exchange
19.12.2025	SELL	731		44.23	New York Stock Exchange
19.12.2025	BUY	8899	44.17	New York Stock Exchange
18.12.2025	SELL	334		44.06	New York Stock Exchange
17.12.2025	BUY	4741	43.91	New York Stock Exchange
17.12.2025	SELL	404		43.89	New York Stock Exchange
17.12.2025	BUY	101858	43.91	New York Stock Exchange
15.12.2025	SELL	8791	44.38	New York Stock Exchange
12.12.2025	SELL	1133	45.63	New York Stock Exchange
11.12.2025	SELL	1666	45.53	New York Stock Exchange
11.12.2025	SELL	107		45.53	New York Stock Exchange
11.12.2025	SELL	17498	45.55	New York Stock Exchange
10.12.2025	SELL	402		45.27	New York Stock Exchange
10.12.2025	SELL	6188	45.52	New York Stock Exchange
09.12.2025	SELL	90		44.65	New York Stock Exchange
08.12.2025	SELL	765		44.35	New York Stock Exchange
05.12.2025	BUY	148		44.45	New York Stock Exchange
05.12.2025	BUY	123		44.24	New York Stock Exchange
04.12.2025	BUY	1193	44.79	New York Stock Exchange
03.12.2025	BUY	429		44.64	New York Stock Exchange
02.12.2025	SELL	128		44.93	New York Stock Exchange
02.12.2025	SELL	638		44.93	New York Stock Exchange
02.12.2025	BUY	305		44.90	New York Stock Exchange
02.12.2025	SELL	491		44.72	New York Stock Exchange
01.12.2025	BUY	1716	44.63	New York Stock Exchange
28.11.2025	SELL	381		44.67	New York Stock Exchange
28.11.2025	BUY	749		44.56	New York Stock Exchange
28.11.2025	SELL	780		44.36	New York Stock Exchange
25.11.2025	SELL	262		44.45	New York Stock Exchange
24.11.2025	BUY	1607	43.87	New York Stock Exchange
24.11.2025	BUY	307		43.61	New York Stock Exchange
20.11.2025	BUY	635		43.44	New York Stock Exchange
19.11.2025	BUY	531		45.29	New York Stock Exchange
18.11.2025	BUY	426415	46.36	New York Stock Exchange
18.11.2025	BUY	604		44.99	New York Stock Exchange
17.11.2025	SELL	325		46.08	New York Stock Exchange
17.11.2025	SELL	30978	46.45	New York Stock Exchange</transactionDesc>
        <listOfShareholders>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.
</listOfShareholders>
        <date5PercentOwnership>Not applicable</date5PercentOwnership>
      </item5>
      <item6>
        <contractDescription>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.</contractDescription>
      </item6>
      <item7>
        <filedExhibits>N/A</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>PICTET ASSET MANAGEMENT SA</signatureReportingPerson>
        <signatureDetails>
          <signature>Karine VALTANEN</signature>
          <title>Karine VALTANEN Global Head of Compliance</title>
          <date>01/16/2026</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
