Thoma Bravo Amends Dynatrace Stake, Signals Portfolio Rebalancing

Ticker: DT · Form: SC 13G/A · Filed: 2024-02-02T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, private-equity, ownership-change

TL;DR

**Thoma Bravo updated its Dynatrace stake, watch for potential market reaction.**

AI Summary

Thoma Bravo UGP, LLC, a private equity firm, filed an amended SC 13G/A on February 2, 2024, updating its beneficial ownership in Dynatrace, Inc. as of December 31, 2023. This filing indicates a change in their holdings, which is important for investors as Thoma Bravo is a significant institutional holder and changes in their position can signal their confidence (or lack thereof) in Dynatrace's future performance.

Why It Matters

Large institutional investors like Thoma Bravo adjusting their positions can influence market sentiment and stock price, as their moves are often seen as informed decisions.

Risk Assessment

Risk Level: low — This filing is a routine update from a major investor and doesn't inherently signal immediate high risk, but rather a change in ownership.

Analyst Insight

Investors should monitor subsequent filings from Thoma Bravo to understand the magnitude and direction of their ownership changes in Dynatrace, as this could signal a long-term strategy shift or rebalancing within their portfolio.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G, indicating a change in beneficial ownership by a passive investor.

Who is the reporting person in this filing?

The reporting person is THOMA BRAVO UGP, LLC, located at 110 N. Wacker Drive, 32nd Floor, Chicago, IL 60606.

What is the subject company of this filing?

The subject company is Dynatrace, Inc., with its business address at 1601 Trapelo Road, Suite 116, Waltham, MA 02451.

What is the CUSIP number for the class of securities reported?

The CUSIP number for Dynatrace, Inc.'s Common Stock, $0.001 par value, is 268150109.

What was the date of the event that triggered this filing?

The date of the event which requires the filing of this statement was December 31, 2023.

From the Filing

0001193125-24-022848.txt : 20240202 0001193125-24-022848.hdr.sgml : 20240202 20240202160704 ACCESSION NUMBER: 0001193125-24-022848 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240202 DATE AS OF CHANGE: 20240202 GROUP MEMBERS: THOMA BRAVO EXECUTIVE FUND XI, L.P. GROUP MEMBERS: THOMA BRAVO FUND X, L.P. GROUP MEMBERS: THOMA BRAVO FUND X-A, L.P. GROUP MEMBERS: THOMA BRAVO FUND XI, L.P. GROUP MEMBERS: THOMA BRAVO FUND XI-A, L.P. GROUP MEMBERS: THOMA BRAVO PARTNERS X, L.P. GROUP MEMBERS: THOMA BRAVO PARTNERS XI, L.P. GROUP MEMBERS: THOMA BRAVO SPECIAL OPPORTUNITIES FUND I AIV, L.P. GROUP MEMBERS: THOMA BRAVO SPECIAL OPPORTUNITIES FUND I, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Dynatrace, Inc. CENTRAL INDEX KEY: 0001773383 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-91393 FILM NUMBER: 24591406 BUSINESS ADDRESS: STREET 1: 1601 TRAPELO ROAD, SUITE 116 CITY: WALTHAM STATE: MA ZIP: 02451 BUSINESS PHONE: 781-530-1000 MAIL ADDRESS: STREET 1: 1601 TRAPELO ROAD, SUITE 116 CITY: WALTHAM STATE: MA ZIP: 02451 FORMER COMPANY: FORMER CONFORMED NAME: Dynatrace Holdings LLC DATE OF NAME CHANGE: 20190410 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: THOMA BRAVO UGP, LLC CENTRAL INDEX KEY: 0001813487 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 110 N. WACKER DRIVE, 32ND FLOOR CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: (312) 254-3300 MAIL ADDRESS: STREET 1: 110 N. WACKER DRIVE, 32ND FLOOR CITY: CHICAGO STATE: IL ZIP: 60606 SC 13G/A 1 d715190dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 2)* Dynatrace, Inc. (Name of Issuer) Common Stock, $0.001 par value (Title of Class of Securities) 268150109 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the Appropriate Box to Designate the Rule Pursuant to Which this Schedule Is Filed: ☐ Rule 13d-1(b) ☐ Rule 13d-1(c) ☒ Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. 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 ).  1.   Names of Reporting Persons   Thoma Bravo Fund X, L.P.  2.  Check The Appropriate Box if a Member of a Group (See Instructions)  (a) ☐  (b) ☐  3.  SEC Use Only  4.  Citizenship or Place of Organization   Delaware Number of Shares Beneficially  Owned By Each Reporting Person With 5.   Sole Voting Power   0 6.  Shared Voting Power   2,714,720 7.  Sole Dispositive Power   0 8.  Shared Dispositive Power   2,714,720  9.   Aggregate Amount Beneficially Owned by Each Reporting Person   2,714,720 10.  Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  ☐ 11.  Percent of Class Represented By Amount in Row (9)   * (1) 12.  Type of Reporting Person (See Instructions)   PN (1) Beneficial ownership representing less than 1% is denoted with an asterisk (*). Calculated based on 294,394,482 shares of commo

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