Thanks for the advice. sRGB is what the PTE preference is set to. I tried changing to all of the other profiles and none of them worked.
When I view the images using macOS preview, Pixelmator Pro, or Affinity Photo 2 they display correctly. It is only in PTE AV Studio Pro that the colors are wrong.
I did convert a couple of images to JPG and PNG and they both display properly in PTE. Sine I have over 500 "heic" images, it would be great if I would not have to convert them all to work in PTE.