diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8ba01c49..309b45bd 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,18 @@
 # Changelog
 
+### [3.2.1](https://www.github.com/googleapis/java-monitoring/compare/v3.2.0...v3.2.1) (2022-01-07)
+
+
+### Bug Fixes
+
+* **java:** add -ntp flag to native image testing command ([#1299](https://www.github.com/googleapis/java-monitoring/issues/1299)) ([#739](https://www.github.com/googleapis/java-monitoring/issues/739)) ([1c8d8ce](https://www.github.com/googleapis/java-monitoring/commit/1c8d8ce25d22fbf8ae812bc042a2b080f495483e))
+
+
+### Dependencies
+
+* update dependency com.google.cloud:google-cloud-shared-dependencies to v2.6.0 ([#766](https://www.github.com/googleapis/java-monitoring/issues/766)) ([4e3df7b](https://www.github.com/googleapis/java-monitoring/commit/4e3df7b957b0762fe17acd94e152829e1419b488))
+* update dependency com.google.protobuf:protobuf-java-util to v3.19.2 ([#764](https://www.github.com/googleapis/java-monitoring/issues/764)) ([0d2afb9](https://www.github.com/googleapis/java-monitoring/commit/0d2afb96951aaf1377762fe9ba71ba0a636c21c1))
+
 ## [3.2.0](https://www.github.com/googleapis/java-monitoring/compare/v3.1.0...v3.2.0) (2021-12-03)
 
 
diff --git a/README.md b/README.md
index 8ce650e8..3b11e9ff 100644
--- a/README.md
+++ b/README.md
@@ -42,7 +42,7 @@ If you are using Maven without BOM, add this to your dependencies:
 <dependency>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-monitoring</artifactId>
-  <version>3.2.1-SNAPSHOT</version>
+  <version>3.2.1</version>
 </dependency>
 
 ```
diff --git a/google-cloud-monitoring-bom/pom.xml b/google-cloud-monitoring-bom/pom.xml
index 2ef75e59..38f843d8 100644
--- a/google-cloud-monitoring-bom/pom.xml
+++ b/google-cloud-monitoring-bom/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-monitoring-bom</artifactId>
-  <version>3.2.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-monitoring:current} -->
+  <version>3.2.1</version><!-- {x-version-update:google-cloud-monitoring:current} -->
   <packaging>pom</packaging>
   <parent>
     <groupId>com.google.cloud</groupId>
@@ -52,17 +52,17 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-monitoring</artifactId>
-        <version>3.2.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-monitoring:current} -->
+        <version>3.2.1</version><!-- {x-version-update:google-cloud-monitoring:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-monitoring-v3</artifactId>
-        <version>3.2.1-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-monitoring-v3:current} -->
+        <version>3.2.1</version><!-- {x-version-update:grpc-google-cloud-monitoring-v3:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-monitoring-v3</artifactId>
-        <version>3.2.1-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-monitoring-v3:current} -->
+        <version>3.2.1</version><!-- {x-version-update:proto-google-cloud-monitoring-v3:current} -->
       </dependency>
     </dependencies>
   </dependencyManagement>
diff --git a/google-cloud-monitoring/pom.xml b/google-cloud-monitoring/pom.xml
index c136b987..a23511e3 100644
--- a/google-cloud-monitoring/pom.xml
+++ b/google-cloud-monitoring/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-monitoring</artifactId>
-  <version>3.2.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-monitoring:current} -->
+  <version>3.2.1</version><!-- {x-version-update:google-cloud-monitoring:current} -->
   <packaging>jar</packaging>
   <name>Google Cloud Monitoring</name>
   <url>https://github.com/googleapis/java-monitoring</url>
@@ -11,7 +11,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-monitoring-parent</artifactId>
-    <version>3.2.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-monitoring:current} -->
+    <version>3.2.1</version><!-- {x-version-update:google-cloud-monitoring:current} -->
   </parent>
   <properties>
     <site.installationModule>google-cloud-monitoring</site.installationModule>
diff --git a/grpc-google-cloud-monitoring-v3/pom.xml b/grpc-google-cloud-monitoring-v3/pom.xml
index 1c18a58c..6f80a265 100644
--- a/grpc-google-cloud-monitoring-v3/pom.xml
+++ b/grpc-google-cloud-monitoring-v3/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-monitoring-v3</artifactId>
-  <version>3.2.1-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-monitoring-v3:current} -->
+  <version>3.2.1</version><!-- {x-version-update:grpc-google-cloud-monitoring-v3:current} -->
   <name>grpc-google-cloud-monitoring-v3</name>
   <description>GRPC library for grpc-google-cloud-monitoring-v3</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-monitoring-parent</artifactId>
-    <version>3.2.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-monitoring:current} -->
+    <version>3.2.1</version><!-- {x-version-update:google-cloud-monitoring:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/pom.xml b/pom.xml
index 18b639d0..71f08183 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-monitoring-parent</artifactId>
   <packaging>pom</packaging>
-  <version>3.2.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-monitoring:current} -->
+  <version>3.2.1</version><!-- {x-version-update:google-cloud-monitoring:current} -->
   <name>Google Cloud Monitoring Parent</name>
   <url>https://github.com/googleapis/java-monitoring</url>
   <description>
@@ -61,17 +61,17 @@
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-monitoring-v3</artifactId>
-        <version>3.2.1-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-monitoring-v3:current} -->
+        <version>3.2.1</version><!-- {x-version-update:proto-google-cloud-monitoring-v3:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-monitoring-v3</artifactId>
-        <version>3.2.1-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-monitoring-v3:current} -->
+        <version>3.2.1</version><!-- {x-version-update:grpc-google-cloud-monitoring-v3:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-monitoring</artifactId>
-        <version>3.2.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-monitoring:current} -->
+        <version>3.2.1</version><!-- {x-version-update:google-cloud-monitoring:current} -->
       </dependency>
 
       <dependency>
diff --git a/proto-google-cloud-monitoring-v3/pom.xml b/proto-google-cloud-monitoring-v3/pom.xml
index 12fd2d07..e185dff7 100644
--- a/proto-google-cloud-monitoring-v3/pom.xml
+++ b/proto-google-cloud-monitoring-v3/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-monitoring-v3</artifactId>
-  <version>3.2.1-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-monitoring-v3:current} -->
+  <version>3.2.1</version><!-- {x-version-update:proto-google-cloud-monitoring-v3:current} -->
   <name>proto-google-cloud-monitoring-v3</name>
   <description>PROTO library for proto-google-cloud-monitoring-v3</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-monitoring-parent</artifactId>
-    <version>3.2.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-monitoring:current} -->
+    <version>3.2.1</version><!-- {x-version-update:google-cloud-monitoring:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/samples/install-without-bom/pom.xml b/samples/install-without-bom/pom.xml
index 8d86f6cd..3cb4bf4f 100644
--- a/samples/install-without-bom/pom.xml
+++ b/samples/install-without-bom/pom.xml
@@ -29,7 +29,7 @@
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-monitoring</artifactId>
-      <version>3.2.1-SNAPSHOT</version>
+      <version>3.2.1</version>
     </dependency>
     <!-- [END monitoring_install_without_bom] -->
     <!-- {x-version-update-end} -->
diff --git a/samples/snapshot/pom.xml b/samples/snapshot/pom.xml
index b89a1693..ed8db147 100644
--- a/samples/snapshot/pom.xml
+++ b/samples/snapshot/pom.xml
@@ -28,7 +28,7 @@
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-monitoring</artifactId>
-      <version>3.2.1-SNAPSHOT</version>
+      <version>3.2.1</version>
     </dependency>
     <!-- {x-version-update-end} -->
     <dependency>
diff --git a/versions.txt b/versions.txt
index d5f34473..9e90b9cc 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,6 +1,6 @@
 # Format:
 # module:released-version:current-version
 
-google-cloud-monitoring:3.2.0:3.2.1-SNAPSHOT
-grpc-google-cloud-monitoring-v3:3.2.0:3.2.1-SNAPSHOT
-proto-google-cloud-monitoring-v3:3.2.0:3.2.1-SNAPSHOT
+google-cloud-monitoring:3.2.1:3.2.1
+grpc-google-cloud-monitoring-v3:3.2.1:3.2.1
+proto-google-cloud-monitoring-v3:3.2.1:3.2.1