I created multiple Sybase ASE native connections to the same server but different databases and was able to connect OK. They displayed OK in the Connection Manager, however, when Toad was closed and relaunched only one connection was displayed. If I created subsequent multiple connections to a different server and then closed and relaunched Toad, I would see one connection only for each server. It appears that Toad is only allowing one connection per server to be saved.
A new connection will need to be made each time.
Waiting for fix in a future release of Toad for Data Analysts
This only affects the Sybase connection group.