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U of Texas at Austin police identified Kendrex White as a suspect in the campus stabbing

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UPDATE 5:57 p.m. EST: 

University of Texas at Austin police identified 21-year-old Kendrex White as a suspect in the campus stabbing. He was taking into custody shortly after the incident. 

Police told ABC affiliate KVUE that White was carrying a "Bowie-style hunting knife." He has not been charged with any crime yet. 

So far, there is no word from police regarding a possible motive. 

The university's president, Greg Fenves, released a statement on the stabbings Monday afternoon. 

"There are no words to describe my sense of loss," Fenves said in a statement. "Campus safety is our priority and we will investigate this tragic incident to the greatest extent possible."

Fenves added that all classes and scheduled events will be canceled for the rest of the evening. 

UPDATE 3:48 p.m. EST: 

Austin police confirmed on Twitter that two people were stabbed and another was assaulted by an unidentified suspect. 

That suspect is in custody and there is no ongoing threat to the campus. 

ORIGINAL STORY: At least one person was killed and several were injured in a stabbing at the University of Texas at Austin Monday afternoon, according to NBC affiliate KXAN

Emergency officials responded to reports of an on-campus stabbing near Gregory Gym around 1:46 p.m., the Austin Statesman reports. EMS said at least three people were taken to University Medical Center Brackenridge in potentially serious condition. 

Authorities told ABC affiliate KTRK that one person is in custody. 

The university tweeted, advising students to avoid the area of 21st and Speedway. 

Fox News co-president Bill Shine is out

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