Motorola is now rolling out software update NPLS220.127.116.11 for Moto Z in the Europe. The latest update is Android February security update.
The new security patch brings fixes for Vulnerabilities and Exposures in the Android OS. Also, the firmware update includes device stability improvements, bug fixes and further improvements for performance.
Software Update NPLS18.104.22.168 for Moto Z is now available as OTA. Users will receive the update notification. The update will gradually roll out to everyone. However, you can also check manually for updates, Go to Settings > About device > System update.