Deutsche Bank has stated that the "SaaSpocalypse" may be over, as software stocks, particularly those in ventures that offer software as a service (SaaS), are trading at a significant discount due to low valuations. The S&P 500 software index is currently up 1.5 percent over the past month, with many SaaS companies also up over the same period. Deutsche Bank Securities data indicates that hedge funds are becoming more interested in SaaAs investments. However, some firms still down since mid-February, including Atlassian (down 14%), Asana (6%), SAP (6%) and Workday (5%) However, Bloomberg argues that many of these stocks appear undervalued due to the longer-term selloff that has been happening since last year.