<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13D/A</submissionType>
    <previousAccessionNumber>0001361570-26-000020</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001361570</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>COMMON STOCK</securitiesClassTitle>
      <dateOfEvent>09/24/2026</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001773383</issuerCIK>
        <issuerCusips>
          <issuerCusipNumber>268150109</issuerCusipNumber>
        </issuerCusips>
        <issuerName>Dynatrace, Inc.</issuerName>
        <address>
          <com:street1>280 CONGRESS STREET</com:street1>
          <com:street2>280 CONGRESS STREET</com:street2>
          <com:city>BOSTON</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>02210</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Mathieu Cornu</personName>
          <personPhoneNum>0041583234506</personPhoneNum>
          <personAddress>
            <com:street1>60 ROUTE DE ACACIAS</com:street1>
            <com:city>GENEVA 73</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>12530906.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>14316387.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>14316387.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>4.9</percentOfClass>
        <typeOfReportingPerson>IA</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>COMMON STOCK</securityTitle>
        <issuerName>Dynatrace, Inc.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>280 CONGRESS STREET</com:street1>
          <com:street2>280 CONGRESS STREET</com:street2>
          <com:city>BOSTON</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>02210</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 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.</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 14,316,387 shares of Dynatrace Inc., which represents 4.95% of the total number of shares.</percentageOfClassSecurities>
        <numberOfShares>Pictet Asset Management SA has the Sole power to vote on 12,530,906 shares out of the 14,316,387 shares under management.</numberOfShares>
        <transactionDesc>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
</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>Global Head of Compliance</title>
          <date>09/25/2026</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>
</edgarSubmission>
