UNITED STATES
                        SECURITIES EXCHANGE COMMISSION
                            Washington, D.C. 20549

--------------------------------------------------------------------------------


                                 SCHEDULE 13G

                   Under the Securities Exchange Act of 1934
                               (Amendment No. )

                                 ALTIRIS, INC.
                               ----------------
                               (Name of Issuer)


                  Common Stock, par value $0.0001 per share
                  -----------------------------------------
                        (Title of Class of Securities)


                                  02148M100
                                --------------
                                (CUSIP Number)


                                June 28, 2006
                                -------------
            (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)

                              [X]   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 the disclosures provided in a prior cover page.

The  information  required  in 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).


                         Continued on following pages
                               Page 1 of 9 Pages
                             Exhibit Index: Page 8



                                 SCHEDULE 13G

CUSIP No.: 02148M100                                           Page 2 of 9 Pages

.......... ......................................................................
1.        Names of Reporting Persons.

          I.R.S. Identification Nos. of above persons (entities only).


          KINGDON CAPITAL MANAGEMENT, LLC
.......... ......................................................................
2.        Check the Appropriate Box if a Member of a Group

          (a) [  ]

          (b) [  ]
.......... ......................................................................
3.        SEC Use Only
.......... ......................................................................
4.        Citizenship or Place of Organization

          Delaware
...................... ..........................................................
Number of Shares      5.       Sole Voting Power                  1,500,000
Beneficially Owned    ........ .................................................
by Each Reporting     6.       Shared Voting Power                0
Person With           ........ .................................................
                      7.       Sole Dispositive Power             1,500,000
                      ........ .................................................
                      8.       Shared Dispositive Power           0
.......... ......................................................................
9.        Aggregate Amount Beneficially Owned by Each Reporting Person

          1,500,000
.......... ......................................................................
10.       Check if the Aggregate Amount in Row (9) Excludes Certain Shares
          (See Instructions)

          [  ]
.......... ......................................................................
11.       Percent of Class Represented by Amount in Row (9)

          5.2%
.......... ......................................................................
12.       Type of Reporting Person:

          OO; IA




                                 SCHEDULE 13G
CUSIP No.: 02148M100                                           Page 3 of 9 Pages

.......... ......................................................................
1.        Names of Reporting Persons.

          I.R.S. Identification Nos. of above persons (entities only).


          MARK KINGDON
.......... ......................................................................
2.        Check the Appropriate Box if a Member of a Group

          (a) [  ]

          (b) [  ]
.......... ......................................................................
3.        SEC Use Only
.......... ......................................................................
4.        Citizenship or Place of Organization

          United States of America
...................... ........ .................................................
Number of Shares      5.       Sole Voting Power                  0
Beneficially Owned    ........ .................................................
by Each Reporting     6.       Shared Voting Power                1,500,000
Person With           ........ .................................................
                      7.       Sole Dispositive Power             0
                      ........ .................................................
                      8.       Shared Dispositive Power           1,500,000
.......... ......................................................................
9.        Aggregate Amount Beneficially Owned by Each Reporting Person

          1,500,000
.......... ......................................................................
10.       Check if the Aggregate Amount in Row (9) Excludes Certain Shares
          (See Instructions)

          [  ]
.......... ......................................................................
11.       Percent of Class Represented by Amount in Row (9)

          5.2%
.......... ......................................................................
12.       Type of Reporting Person:

          HC





                                                               Page 4 of 9 Pages


Item 1(a).  Name of Issuer:

            Altiris, Inc. (the "Issuer")

Item 1(b).  Address of Issuer's Principal Executive Offices:

            588 W. 400 South, Lindon, Utah 84042.

Item 2(a).  Name of Person Filing

            This Statement is filed on behalf of each of the following persons
(collectively, the "Reporting Persons"):

            i)    Kingdon   Capital   Management,    LLC   ("Kingdon   Capital
                  Management"); and

            ii)   Mark Kingdon ("Mr. Kingdon").

            This Statement  relates to Shares (as defined herein) held for the
accounts of Kingdon Associates, L.P., a New York limited partnership ("Kingdon
Associates"),  M. Kingdon  Offshore  Ltd., a Cayman Islands  exempted  company
("Kingdon Offshore"), and Kingdon Family Partnership, L.P., a New York limited
partnership ("Kingdon Family Partnership").  Kingdon Capital Management serves
as  investment  manager to each of Kingdon  Associates,  Kingdon  Offshore and
Kingdon Family Partnership.  In such capacity,  Kingdon Capital Management may
be deemed to have  voting and  dispositive  power over the Shares held for the
accounts of each of Kingdon  Associates,  Kingdon  Offshore and Kingdon Family
Partnership.  Mr.  Kingdon is the  managing  member and  president  of Kingdon
Capital Management.

Item 2(b).  Address of Principal Business Office or, if None, Residence

            The address of the  principal  business  office of each of Kingdon
Capital  Management and Mr. Kingdon is 152 West 57th Street,  50th Floor,  New
York, New York 10019.

Item 2(c).  Citizenship

            i)    Kingdon Capital  Management is a Delaware limited  liability
                  company; and

            ii)   Mr. Kingdon is a citizen of the United States of America.

Item 2(d).  Title of Class of Securities:

            Common Stock, par value $0.0001 per share (the "Shares")

Item 2(e).  CUSIP Number:

            02148M100





                                                               Page 5 of 9 Pages


Item 3.     If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or
            240.13d-2(b) or (c), Check Whether the Person Filing is a:

            This Item 3 is not applicable.

Item 4.     Ownership:

Item 4(a).  Amount Beneficially Owned:

            As of July 7, 2006,  each of  Kingdon  Capital  Management and Mr.
Kingdon  may be deemed to  beneficially  own  1,500,000  Shares.  This  amount
consists  of: (A) 400,525  Shares held for the account of Kingdon  Associates;
(B) 1,039,191 Shares held for the account of Kingdon Offshore;  and (C) 60,284
Shares held for the account of Kingdon Family Partnership.

Item 4(b).  Percent of Class:

            The number of Shares of which each of Kingdon  Capital  Management
and  Mr.  Kingdon  may  be  deemed  to be  the  beneficial  owner  constitutes
approximately  5.2% of the  total  number of Shares  outstanding  (based  upon
information  provided by the Issuer in its most recent  quarterly report filed
on  Form  10-Q  with  the  Securities  and  Exchange  Commission,  there  were
28,970,580 Shares outstanding as of May 9, 2006).

Item 4(c).  Number of Shares of which such person has:

Kingdon Capital Management:
---------------------------
(i) Sole power to vote or direct the vote:                             1,500,000

(ii) Shared power to vote or direct the vote:                                  0

(iii) Sole power to dispose or direct the disposition of:              1,500,000

(iv) Shared power to dispose or direct the disposition of:                     0

Mr. Kingdon:
------------
(i) Sole power to vote or direct the vote:                                     0

(ii) Shared power to vote or direct the vote:                          1,500,000

(iii) Sole power to dispose or direct the disposition of:                      0

(iv) Shared power to dispose or direct the disposition of:             1,500,000


Item 5.     Ownership of Five Percent or Less of a Class:

            This Item 5 is not applicable.

Item 6.     Ownership of More than Five Percent on Behalf of Another Person:

            This Item 6 is not applicable





                                                               Page 6 of 9 Pages


Item  7.    Identification  and  Classification of the Subsidiary Which Acquired
            the Security Being Reported on By the Parent Holding Company:

            See disclosure in Item 2 hereof.

Item 8.     Identification and Classification of Members of the Group:

            This Item 8 is not applicable.

Item 9.     Notice of Dissolution of Group:

            This Item 9 is not applicable.

Item 10.    Certification:

            By signing below each of the Reporting  Persons certifies that, to
the best of their knowledge and belief, the securities  referred to above were
not  acquired  and are not  held for the  purpose  of or with  the  effect  of
changing or  influencing  the control of the issuer of the securities and were
not acquired and are not held in connection  with or as a  participant  in any
transaction having that purpose or effect.





                                                               Page 7 of 9 Pages


                                   SIGNATURE

            After  reasonable  inquiry  and to the  best of my  knowledge  and
belief,  the  undersigned  certifies  that the  information  set forth in this
statement is true, complete and correct.

Date: July 10, 2006                       KINGDON CAPITAL MANAGEMENT, LLC


                                          By:   /s/ William Walsh
                                                -------------------------------
                                          Name:  William Walsh
                                          Title: Chief Financial Officer

Date: July 10, 2006                       MARK KINGDON


                                          /s/ Mark Kingdon
                                          -------------------------------------





                                                               Page 8 of 9 Pages


                                 EXHIBIT INDEX


Ex.                                                                     Page No.
--                                                                      --------
A.   Joint Filing Agreement, dated July 10, 2006 by and among
     Kingdon Capital Management, LLC and Mark Kingdon...................    9




                                                               Page 9 of 9 Pages

                                   EXHIBIT A

                            JOINT FILING AGREEMENT

            The  undersigned  hereby agree  that the  statement  on Schedule 13G
with respect to  the common stock of Altiris, Inc. dated as of July 10, 2006 is,
and  any  amendments thereto  (including  amendments on Schedule 13D) signed  by
each of the  undersigned shall be, filed on behalf of each of us pursuant to and
in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange
Act of 1934, as amended.

Date: July 10, 2006                       KINGDON CAPITAL MANAGEMENT, LLC


                                          By:   /s/ William Walsh
                                                -------------------------------
                                          Name:  William Walsh
                                          Title: Chief Financial Officer

Date: July 10, 2006                       MARK KINGDON


                                          /s/ Mark Kingdon
                                          -------------------------------------