Yes - think of it this way...two identical beams, one plastic, one steel with an applied load. The max stress is the same in both beams but the plastic beamwill typically deflect much more. Also, the plastic beam will likely fail before the steel beam, not because the stress is higher in the plastic beam, butbecause the plastic beam'stensile strength is much lower than the steel beam's.
Sorry, I don't know how Pro/E calculates the stress. As ron_roberts stated, it may be using the modulus to calculate the stress from themeasured strain. Load creates strain (not stress) and strain is a directindication of the stress in the part, based upon Hooke's Law (E=stress/strain).
Your experiment showed that changing E did not affect the stess but if you change the load, the deflection will increasand subsequently sowill the stress. Perhaps Pro/E calcualtes the stress from the measured strain using E.